Talking about compliance:
BCBS 239 implementations in South Africa
Like their international counterparts, South African banks continue to face significant challenges with their programmes for the implementation of Basel Committee on Banking Supervision (BCBS) 239. Our survey on factors driving BCBS 239 implementations brings to the fore several themes across South African banks, some of these are:
- Most banks are on track to meet SARB deadline.
- Change needs to be considered holistically
- Approach to data seems to be led by business and is not bank wide
- Cost of the BCBS 239 expected to be significant - likely in excess of R100m
- Most banks have not established formal data governance organisations
Contact us
Costa Natsas
Partner | Financial Services Industry Leader, PwC South Africa
Tel: +27 (0) 11 797 4105
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