BANKING AND CREDIT NEWS-June 19, 2019--Viet Nam's Maritime Bank receives approval to implement Basel II
M2 EQUITYBITES-June 19, 2019--Viet Nam's Maritime Bank receives approval to implement Basel II
Global Banking News-June 19, 2019--Viet Nam's Maritime Bank receives approval to implement Basel II
According to Circular No 41/2016/TT-NHNN, banks must have a capital adequacy ratio of at least eight per cent from January 1, 2020, as stipulated under Basel II
Commenting on QCB's commitment in implementing the Basel Committee's latest guidance and updating instructions to develop the banking system, Sheikh Abdullah said QCB has been, and will continue to be committed to most Basel Committee issues, starting with the basic principles, effective Basel II
and Basel II
capital adequacy standards, which were recently updated by all Basel III standards from January 2014 to April 2018.
Moreover, the design of the reduced sensitivities-based method (R-SbM) is significantly different from the design of the already widely-used Basel II
The Basel II
(Basel I, Basel II
and Basel III) agreements are merely prudential rules designed to guarantee a minimum level of equity in order to ensure the financial soundness of the banks.
Plans in place to move to Basel III, currently Basel II
The Basel II
subordinated Lower Tier 2 and Basel III Tier 2 subordinated notes are rated one notch below the entities' 'aa-' VRs to reflect their subordinated status and the absence of any going-concern loss-absorption features.
The objective of Basel III requirements is to ensure the stability and resilience of financial systems in response to the global financial crisis through addressing some of the limitations in Basel II
The Basel III capital adequacy standards include key amendments to the Basel II
standards, primarily an increase in the total ratio of the regulatory capital and a redefinition of the regulatory capital as part of a package of criteria targeting quality improvement, he said in an exclusive interview to KUNA.