Following the 2008 financial crisis, global regulators have sought ways to manage systemic risk and ensure sustainability, with a new series of international banking accords drafted and implemented. These new accords, known as Basel III, establish tougher capital standards through more restrictive capital definitions, higher risk-weighted asset (RWA) ratios, additional capital buffers and higher requirements for minimum capital.
Basel III also represents a new way forward for banks: adopting a ‘wait and see’ approach to compliance is now no longer an option and although the roll-out of these new regulations stretches to 2019, many jurisdictions in Asia are expected to implement these measures well before the deadline.
Download our whitepaper to learn more about the background of the Basel III accords, how the landscape of global compliance regulations is changing and how you can best prepare for this new requirement.
