Hong Kong set to meet Basel III deadline as others struggle

Hong Kong

The Hong Kong government expects to have the final rules on Basel III capital requirements for locally incorporated banks in force by the G-20's deadline of January 1, 2013.

A joint statement by the Hong Kong Financial Services and the Treasury Bureau and the Hong Kong Monetary Authority (HKMA), said the legislation would be tabled on October 24, "with a view to commencement" on January 1.

The legislation addresses the first phase of the Basel III regulations, focusing on a Tier 1 capital ratio

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: