Posts by IOBAdmin

Impact of the new Fit and Proper Amendments on FAIS representatives

Board Notice 194 0f 2017, published by the Financial Services Board, now called the Financial Sector Conduct Authority (FSCA). introduced the long awaited new Fit and Proper Requirements for Financial Services Providers, Key Individuals and Representatives. All the changes start taking effect from 1 April 2018. What are the new requirements? Current and prospective representatives…

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IOBSA Reregistration as a Professional Body

At a SAQA function in March the CEO of the Institute was presented with the new registration certificate for the Institute as the Professional Body. Ms Hodges receiving the registration certificate from Mr Joe Samuels, CEO of SAQA and Dr Julia Reddy

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Recognition of Prior Learning to upgrade designation level

The IOBSA has introduced a new policy which will allow members to move up the designation ladder. This is a new process and is intended to recognise service and other attainments of a less formal nature for the purpose of equating it to an NQF level designation. There is an important fact which however, needs…

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What is Twin Peaks?

The Twin Peaks model of financial sector regulation will see the creation of a prudential regulator – the Prudential Authority – housed in the South African Reserve Bank (SARB), while the FSB will be transformed into a dedicated market conduct regulator – the Financial Sector Conduct Authority. The implementation of the Twin Peaks model in…

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The borrower power balance is shifting in sub-Saharan Africa

Bankers have to be more innovative amid improving economic and political conditions 13 MARCH 2018 – 06:43 SPONSORED Picture: 123RF/FLYNT Banks in sub-Saharan Africa are looking for quality assets that promise adequate returns, in a region where banking differs vastly from the international landscape. These banks face issues that include challenging economic and political conditions,…

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