Pakistan adds Basel III capital surcharge to allow for modelling shortfalls
The State Bank of Pakistan (SBP) is implementing the Basel III capital ratios at 2% above the Basel Committee's recommendations to act as a buffer for the additional capital that may be required because of modeling shortfalls, says Syed Jahangir Shah, senior joint director at the State Bank of Pakistan in Karachi.
The central bank announced on August 15 capital instructions for Basel III implementation, in which it sets out the timetable for adoption of the Basel III capital framework from
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