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South African Reserve Bank Wants 6.5% Minimum CAR by 2015

June 4 (Bloomberg) -- The South African Reserve Bank’s banking supervision unit said it proposes a minimum required Tier 1 capital adequacy ratio of 6.5% for South African lenders from January 2015.

It also proposes a 10 percent total capital adequacy ratio, the Bank Supervision Department said in a statement released in Pretoria today.

South African banks are adequately capitalized in order to meet impending Basel III requirements, the unit said, adding that it will start formally monitoring the lenders’ liquidity coverage ratios and net stable funding ratios from January next year.

To contact the editor responsible for this story: Renee Bonorchis at rbonorchis@bloomberg.net

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