Data provided by McGregor BFA
All data is delayed
Loading...
See More

New Basel rules to impact SA policy

Jun 01 2012 07:53 Reuters

Related Articles

Basel III unaffected by Europe's woes

Sarb to stick to Basel III timelines

Basel rules may squeeze SA banks

Biggest banks face stiffer surcharge

New Basel rules rein in banks

Moody's: SA banks plan cuts rating risk

 

Johannesburg - New global liquidity requirements do not suggest a need to change South Africa's monetary policy implementation framework but will have an impact on monetary policy and interest rates, Reserve Bank Deputy Governor Daniel Mminele said.

"The ... requirements may result in South African banks reducing their lending, and therefore the availability of credit to the real economy," Mminele said in a speech posted on the Bank's website on Thursday.

"This will most certainly have negative consequences for economic growth and employment creation, which will further reduce available savings."

 
daniel mminele  |  banks  |  sa economy  |  basel 3
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

Zille: DA will provide real, sustainable jobs

The DA says it has a policy package in place which will lead to 6m real, sustainable jobs being created. Watch Helen Zille explain.

 
 

Latest elections multimedia

11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille
The EFF's ad was banned, see why
Why Jack Parow wants you to vote on 7 May

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...