Basel III not seen as good fit for Asia banks

The region's lenders need to raise up to $350 billion by 2019 to meet Basel III rules that don't fit well with their needs, FinanceAsia conference is told.

Basel III not seen as good fit for Asia banks
From left: Kittiya Todhanakasem, Krung Thai Bank; Ritesh Maheshwami, Standard & Poor's; Vijay Chander, ASIFMA.
Asia's banks will likely need to raise hundreds of billions of dollars in the coming years to meet new capital requirements that may not fit their circumstances particularly well, a full room of delegates at FinanceAsia's Borrowers Investors Forum, Southeast Asia, heard on Thursday.
As of this year the Basel Committee of Banking Supervision requires banks to have a minimum core equity tier-1 ratio of 6% of risk-weighted assets...

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