![]() The existing Swiss regime with capital buffers which go beyond these international minimum standards remains in effect. Under the leadership of the Basel Committee on Banking Supervision (BCBS), the new Basel III regulatory framework was drawn up during the course of the last three years, requiring banks to hold significantly more capital of a better quality with a view to absorbing losses more effectively.Īgainst this international backdrop, the Swiss provisions on banks' capital levels are to be revised and the international Basel III standards adopted. The Federal Department of Finance FDF is submitting the amended Capital Adequacy Ordinance for consultation, and FINMA is doing likewise with its adapted circulars.Īfter the 2008/2009 financial crisis, there was a general consensus at national and international level that the banking sector needs stricter capital requirements. Bern, - Switzerland intends to implement the capital adequacy rules of the international Basel III framework for all banks.
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