Discussion document: The deposit insurance funding model and the implications for banks
Last Modified Date:
2020-10-08, 08:02 PM
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When the South African Reserve Bank (SARB) published the paper titled Designing a deposit insurance scheme for South Africa ‒ a discussion paper (2017 paper) in May 2017, the paper contained proposals for the key design features of a deposit insurance scheme (DIS) for South Africa, including some initial options for the funding of the deposit insurance fund (DIF). Subsequently, significant consultation with banks, through the Banking Association of South Africa (BASA) took place, resulting in a more cost-effective model of funding. Although the funding model has been informally shared with banks, this discussion paper provides banks with the opportunity to formally comment on the revised funding model.