Basel III should be considered a business advantage as it will push banks to use their capital wisely and seek for a more robust growth, accounting firm Punongbayan and Araullo (P&A) said in its quarterly report released in December 2013.

The P&A report titled “Reason + Instinct: A look at the banking industry” said that the banking industry’s move to Basel III can be used as an opportunity to implement what could have been a much-needed reform of risk management.

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