In a move that could free up at least R320bn in lending, the SA Reserve Bank is considering letting banks dip into their capital buffers to help the economy navigate the effects of nationwide lockdown to contain the spread of the respiratory disease-causing coronavirus.  

The Bank said in a statement on Saturday it is considering lowering the liquidity coverage ratio — which requires banks to hold cash, or high-quality liquid assets such as stock, that match or exceed projected cash outflows over a 30-day period — and the specified minimum requirement of capital and reserve funds to be maintained by banks. ..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now