Published February 21, 2013
Basel III framework may not always accurately represent capital strength
Chng Sok Hui, CFO of Singapore's DBS, discusses the impact of new capital rules on Asian banks, how BCBS seeks to address them, and the need for local adaptation.
On the implementation of Basel III, Chng feels that Asian banks are ahead of their counterparts in the US and Europe in their preparedness for implementation of the enhanced capital requirements, but thinks that this could be a source of competitive disadvantage. “The new capital charges create a...