How Basel III and the Latest Changes in Regulation are Likely to Affect Access to Housing Finance in Africa

This working paper reviews how the African financial sector is reacting to the Basel III requirements, and examines how Basel III and IFRS9 regulations are affecting, or are likely to affect, the capacity of African financial institutions to provide affordable housing finance products. The main focus is two fold: 1) clarify the likely effects of the Basel III and IFRS 9 proposed regulatory changes initiatives on the supply of affordable housing finance in Africa; and 2) describe implementation of Basel III in WAEMU and South Africa.