THE central bank’s policy-setting Monetary Board (MB) decided over the weekend to give banks until the end of 2017 to comply with the Basel III leverage ratio, citing the latest revisions to the global standards by the Basel Committee on Banking Supervision (BCBS).
“The MB decided on the deferment, considering BCBS’ issuance of the consultative document, ‘Revisions to the Basel III leverage ratio framework’ in April 2016, which the BCBS is set to finalize by end-2016,” the Bangko Sentral ng Pilipinas said in a statement.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.