Page 68 - SARB Strategic Plan 2020-2025

How we deliver on our strategy (2/8)(continued) The executive portfolio of strategic initiatives: core business (continued) We are here
Effective date of Financial Financial Conglomerates industry field SFA
Objective
Strategy Horizon
Project
April 2020 – March 2021
April 2021
– March 2022
Prior period
Q1
April 2022
Q2
Strategic initiative Financial Conglomerates Supervision
FCS standards FC02 - FC05 to Parliament
Joint with the the FSCA publish the the joint Recovery Standard and and Guidance for public consultation
Development of Regulatory Policy Paper
Internal draft policy paper on on cooperative banking institutions Removal of CFIs from the Common Bond Exemption Notice
Financial Market Infrastructures
Mutual Banks
Executive decision to project to FMI JSE Clear transition to independent clearing house and CCP
Develop Supervisory Paper
Full complement of Prudential Standards for CFIs and and cooperative banks
(Chapter a Cooperative Banking Institutions
Determine PA fees Business readiness: information sessions
Promote and enhance the safety soundness and integrity of regulated financial institutions and market infrastructures
SFA
3 The Regulatory Programme
FSR Act Chapter 16 implementation
Draft proposed fee fee determination and instruments to repeal existing fees Transitional arrangements for pension funds CIS friendly societies and medical schemes
Designed transitional roadmap for the adoption of prudential regulation and supervision
Full FSAP SA SA report published by the IMF and World Bank Design transitional arrangement frameworks
Strategy and planning for remedial actions
Financial Sector Assessment Program (FSAP)
Fundamental Review of the Trading Book
FRTB first draft of Prudential Standards and and development of FRTB returns
Sector risk assessments
Finalise Prudential Standards for submission to to to to submit to to Parliament
and and conduct business PA submission Project
Elevate
Supervisory Framework On-site inspections guideline – pilot
People and Culture
Roll-out of mentorship programme:
Employee Cohort 1 PA under observation by FATF International Cooperation Management Coaching Diversity and Inclusion Mentorship Programme
ECM Pilot Change Management Management and Management Management and Stakeholder Engagement Implementation
FCS Supervisory Framework – Manco Change Channel and Communication
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