Japan will adopt the Basel III standards in consideration of the characteristics of domestic financial institutions, the FSA said.
January 2, 2021MAS intends to implement the revised standards for operational risk capital and leverage ratio requirements from 1 January 2023.
December 18, 2020The consultation is open until 6 January 2021, ahead of industry engagement in 2021, legislative amendments in 2022, and a 1 January 2023 target implementation date.
November 19, 2020The BSP should be granted "unimpaired access" to information on all customer accounts and the ability to employ and share depositor information for any prudential purpose.
November 18, 2020The pandemic raised questions of whether the flexibility provided in the Basel framework is actually used by FIs, for example in the case of bank capital and liquidity buffers.
November 16, 2020Most member jurisdictions have final rules in place for Basel III standards, though some are yet to come into force. China has progressed on TLAC rules.
November 4, 2020Under the rules, China’s G-SIBs must have loss-absorbing capacity amounting to at least 16 percent of risk-weighted assets starting from 1 January 2025.
October 1, 2020Pierre Latrobe at Mazars discusses recent HKMA initiatives taken in response to Covid-19 and their implications for Hong Kong banks, highlighting credit risk as a growing threat.
May 13, 2020Aside from deferring Basel III adoption, the HKMA is considering the implications of Covid-19 on the application of expected credit loss provisioning.
March 30, 2020The implementation date of the outstanding Basel III standards will be deferred by one year to 1 January 2023 to free up operational capacity for banks and supervisors.
March 28, 2020