By Paolo G. Montecillo
The Central bank’s decision to fully implement the stricter Basel III capitalization rules last January would enable the country’s banks to leap ahead of their regional counterparts in terms of strength.
By Michelle V. Remo
The Bangko Sentral ng Pilipinas has issued stricter capitalization guidelines that banks must comply with starting January 2014 to meet Basel III standards.
WASHINGTON—The US Treasury announced Friday that it would not implement the Basel III rules for strengthening banks on January 1, saying the banks were not yet ready to meet the tougher capital standards. “Many industry participants have expressed concern that they may be subject to a final regulatory capital rule on January 1, 2013, [...]