OUR MATERIAL THEMES

 
 

MANAGING REGULATORY CHANGE

 

We believe in a regulatory system that contributes to a safer financial system for all and that facilitates sustainable economic growth in Africa. We support the move towards a more principles-based regulatory framework that focuses on fair and beneficial outcomes for clients, as well as the stability and integrity of the financial system.

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CONTENTS

RETHINKING REGULATION

In the past 12 months, there has been no lessening of the pace, volume, and scope of regulatory change impacting the bank.

FORESIGHT AND INSIGHT:
WHAT’S ON THE REGULATORY CHANGE RADAR?
 
 
Financial stability and making the financial system safer

The central challenge confronting policymakers and regulators is how best to manage competing policy imperatives...

The Twin Peaks system is a gamechanger for South African banks

The “Twin Peaks” model of financial sector regulation is being implemented in South Africa...

 
OTHER SIGNIFICANT REGULATORY CHANGES ON OUR RADAR

Consumer credit regulation remained a focus in 2016 as policymakers sought ways to tackle levels of indebtedness.

ENGAGE:
RESPONSIBILY INFLUENCING THE DESIGN OF REGULATION IN SUPPORT OF AN EFFECTIVE REGULATORY FRAMEWORK
 
 
Emerging regulatory frameworks for climate change and sustainability risks

The Financial Stability Board at the request of the G20 is developing a framework for reporting on climate-related financial risks.

Advocating for an effective regulatory framework

We regularly engage with government departments, regulators...

COMPLIANCE:
SUPPORTING OUR PEOPLE IN DOING THE RIGHT BUSINESS THE RIGHT WAY
 
 
Strengthening our compliance capability

We’ve standardised our compliance model across the group...

Helping our people keep up with regulatory change

Over the past year, we’ve worked hard to encourage regulatory awareness...

STANDARD BANK’S IMPACT ON COMBATING CRIME

Know your customer (KYC) is a crucial compliance requirement for banks the world over.

 

SEE OUR IMPACTS:
SOCIAL, ECONOMIC AND ENVIRONMENTAL

Invest in infrastructure (energy, water, transport and ICT)

Contribute to employment creation

Promote environmental sustainability (and climate change mitigation and adaption)

Combat (financial and cyber) crime and corruption

 

Invest in financial inclusion

Invest in enterprise development, entrepreneurship, and innovation

Invest in education, learning and development

Facilitate inclusive economic growth

Advance African economic integration and development

Support good governance

Pipeline of regulatory change
Our approach to managing regulatory change
How will regulation impact on our customers and clients?
Supporting our people in doing the right business the right way
Helping our people keep up with regulatory change
Standard Bank’s impact on combating crime

©2014 Standard Bank is a licensed financial services provider in terms of the Financial Advisory and Intermediary Services Act and a registered credit provider in terms of the National Credit Act, registration number NCRCP15.

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