2023-11-10 | 29755The 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.
Banking Sector , Basel II/III Implementation Notice in the Gazette by the Minister of Finance – Regulations 18, 19 and 20 of the Financial Institutions (Capital Adequacy) Regulations 2020 Share