Regulation | - Part 2

Implementing an IFRS 9 Solution: Challenges Faced by Financial Institutions

Background IFRS 9 is a new international standard set forth to address the weaknesses of IAS 39. This article provides an overview of the new standard and analyzes the major challenges financial institutions will face in ensuring compliance. While there is still uncertainty in terms of implementation approaches, we believe IFRS 9 adoption will lead to a more efficient and lower-risk financial system. As part of the response to the last financial crisis, the International…

FOREIGN INVESTORS SHOULD BEAR IN MIND EXCHANGE CONTROL REGULATIONS IN SOUTH AFRICA

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa: Corporates seeking to do business in South Africa and/or with South African counterparties, whether in the context of cross-border financing transactions or otherwise, should take cognisance of the exchange control regulations that govern the inflow and outflow of capital from South Africa. They should bear in mind that their South African counterparts will be required to seek approval for such transactions under the Exchange Controls in terms of the…

Financial Reforms: South Africa’s Twin-Peaks Regulation

Posted on by The Editorial Team

The South African banking sector is a very well regulated sector. This factor is a key contributor to the ability of the sector to withstand the financial crisis precipitated in the USA and spreading to Europe in 2008. Other factors contributing to this are the responsible and conservative business models adopted by SA banks and their relatively risk-averse nature. The Global Competitive Report rates the SA banking sector as the second most stable banking sector…

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