Question NW2348 to the Minister of Finance
14 September 2018 - NW2348
Mokoena, Mr L to ask the Minister of Finance
Is the SA Reserve Bank Registrar currently investigating a certain bank (name furnished); if so, (a) what is the bank being investigated for and (b) when did the investigation begin?
Reply:
In line with the requirements of section 33 of the South African Reserve Bank Act, 1989 (Act No. 90 of 1989 ), it is not the policy of the South African Reserve Bank (SARB) to comment on, or provide any details of previous, current or potential investigations, to the extent that such information is not already in the public domain.
As recently stated in Parliament’s Standing Committee on Finance (SCOF); by the SARB officials, name furnished continues to comply with all regulatory requirements set out in law and regulations determined by the SARB.