Regulatory Alerts2016-01-14
Added · Updated
Amendments Proposed for Domestic-Systemically Important Banks and Countercyclical Capital Buffer
The Financial Services Commission proposes amendments to the Regulation on Supervision of Banking Business and the Supervisory Regulation on Financial Holding Companies to implement Basel Committee recommendations. Domestic-systemically important banks (D-SIBs) face a capital requirement increase of 0.25% annually from 2016 to 2019, reaching a 1% total increase. The Commission determines quarterly whether to impose a countercyclical capital buffer between 0% and 2.5% based on economic conditions and may require additional capital charges for banks with unsatisfactory risk management evaluations. These amendments are effective January 1, 2016.
More like this from FSS
We email you every new FSS publication the day it's published.