Governments and regulators

Governments create and enforce the regulatory frameworks that ensure a safe financial system conducive to economic development, and protect vulnerable consumers. We cannot claim to be legitimate or socially relevant if we do not understand and meet the expectations of regulators. Constructive relationships with government departments and regulators are of paramount importance to SBG, and we engage with these stakeholders on a regular basis.

Issues raised
Our response
South Africa: Introduction of the Twin Peaks system of financial sector regulation

The Twin Peaks reform is the most significant change to how South African banks are regulated in a generation. Standard Bank supports the goals of the Twin Peaks system and submitted commentary to National Treasury on specific elements of the new system, including the supervision of the national payments system, financial crisis management, and the risk-based approach to conduct supervision.

Responsible lending

Constructive engagement with policy-makers and regulators

Standard Bank has forged a constructive relationship with the Department of Trade and Industry (dti) and the National Credit Regulator (NCR) to deepen our understanding of their expectations of responsible credit providers. We appreciate their focus on protecting consumers and tackling levels of over‑indebtedness in South Africa. We aim to provide them with data based on the bank’s experience as an input into their policy-making processes.

We continue to participate in initiatives under the auspices of Banking Association South Africa (BASA) to tackle over-indebtedness and to help root out abusive practices that unfairly prejudice consumers.

Lending for the purposes of purchasing a home is a significant part of our business. We continue to look for ways to extend home ownership through partnerships with the Department of Human Settlements (DHS).

Compliance with the regulatory framework

Compliance training

18 911 employees completed compliance training from 88 947 courses.

Public private partnerships

Support for the South African National Development Plan (NDP) 2030:

Standard Bank is part of a group of business leaders working with government, to identify how best to preserve jobs and capacity in vulnerable sectors, and to stimulate more rapid growth in high-potential sectors, in support of the NDP.

Support for the African Union

SBG was a primary sponsor of the 2015 African Union Summit, held in Johannesburg. Standard Bank executives from across Africa participated in various events associated with the Summit, engaging with African heads of state and business leaders from across the continent.

Engagement with Development Finance Institutions (DFIs)

SBG regularly engages with African DFIs to explore and develop joint funding initiatives. In South Africa, for example, we work with institutions such as the Industrial Development Corporation, the Public Investment Corporation, the Development Bank South Africa and the Land Bank, to identify opportunities for co-lending in South Africa and other African countries.

Promoting Africa as an investment destination

SBG executives regularly participate as speakers and panelists in events to promote investment in Africa. At the 2015 World Economic Forum (WEF) Africa in Cape Town, for example, we participated in panel discussions and media interviews to discuss investment opportunities and challenges, and provided advice to potential investors. In addition, SBG and ICBC co-hosted the 5th Africa Investors’ Conference in London, which attracted institutional investor companies, executives from Africa’s top listed companies.

Increasing the pace of transformation in South Africa

BBBEE score

SBSA achieved a BEE transformation score of 93,42 in 2015 (2014: 94,25).

Achievements

    ­­
  • The Banker Investment Banking Awards 2015 
    • Most innovative investment bank from Africa
  • The Banker and Brand Finance
    • Most valuable African banking brand
  • ­­
  • Risk Awards 2016 
    • Risk Emerging Markets Dealer of the Year award

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South Africa
0860 123 000

International
+27 11 299 4701

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