Regulatory Alerts2023-11-10 | 29755Financial Institutions (Capital Adequacy) Regulations 2020 – Notice of Regulations 18, 19 and 20
The Minister of Finance has published a gazette notice formally implementing Regulations 18, 19, and 20 of the Financial Institutions (Capital Adequacy) Regulations 2020. These amendments establish updated capital adequacy requirements for banking sector institutions to align with Basel II and III standards. The notice mandates financial institutions to adjust their capital buffers, risk-weighted asset calculations, and disclosure frameworks accordingly.
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