A KPMG discussion on the implementation challenges posed by the regulatory reforms, including the need for investment in data, systems, and processes, as well as the introduction of new disclosure requirements.
The global prudential reform agenda continues to prompt significant regulatory developments in banking sectors worldwide. These reforms aim to enhance risk sensitivity and improve the resilience of our banks.
South Africa has committed to full alignment with the outstanding components of these global reforms, referred to as “Basel III post crisis reforms”. The most impactful changes became effective on 1 July 2025, which introduce a fundamental shift in how the capital requirements of banks are determined.
We were joined by banking industry leaders for a discussion on the implementation challenges posed by the regulatory reforms, including the need for investment in data, systems, and processes, as well as the introduction of new disclosure requirements.
This event was designed in collaboration with KPMG’s Board Leadership Centre as an industry knowledge-sharing forum, enriched with practical insights. Our panel featured leading voices including KPMG’s Global Head of Banking Francisco Uria, Olaotse Matshane, the Prudential Authority’s Head of Department for Policy, Statistics and Industry Support, who covered why the Basel III post crises reforms were introduced, as well as what the reforms are meant to achieve. She also covered the expected impact at a high level. Together with seasoned KPMG subject matter experts we unpacked Basel III post-crisis reforms.
