The report said the changes will require banks to hold capital in line with the requirements of Basel III rules, a set of international capital adequacy standards.
"New regulations aim to strengthen our prudential framework in line with the latest international developments and Basel III guidelines," said
Over the next few years, the regulatory reforms introduced by the
The new regulatory reforms are expected to impact both the quality and quantity of available regulatory capital at banks and the introduction of a new liquidity regime in the
The new capital regime will include requirements for enhanced capital in terms of quality and quantity and the application of a new leverage ratio. The definition of capital will also change with a higher emphasis on paid-up capital, retained earnings and disclosed reserves.
In accordance with Basel III, the timeframe for full implementation of the new capital regime is end of 2018.
In developing such a framework, the
The regulations will take into account national discretions outlined in the Basel III liquidity standards and the timescales for implementation of the Liquidity Coverage Ratio (LCR).
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