Banks Act, 1990 (Act No. 94 of 1990)

Regulations

Regulations relating to Banks

Chapter III : Corporate Governance

39. Process of corporate governance

Subregulation (4)
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(4)In order to achieve the objective relating to the maintenance of effective risk management, capital management and liquidity management envisaged in subregulation (2), every bank shall have in place comprehensive and sufficiently integrated risk-management processes, practices and procedures, and board-approved policies —

[Words preceding regulation 39(4)(a) substituted by section 4(c) of Notice No. 2900, GG47789, dated 23 December 2022- Effective 1 January 2023]

(a)to identify;
(b)to measure;
(c)to monitor;
(d)to control;
(e)to appropriately price;
(f)to appropriately mitigate; and

(g)        to appropriately communicate or report, among other things, the risks referred to in subregulation (3).