South African banks say NSFR changes do not go far enough

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South African banks say they will find it easier to comply with the second of Basel III's new liquidity ratios after supervisors published a revised set of proposals on January 12, but warn the industry will still fall below the 100% compliance level demanded by the rules. A study conducted prior to the new proposals claimed that none of the country's big four banks would have a ratio in excess of 60%. "We're positive on the reforms. There were some benefits and improvements that will make it