Because of the Regulatory Development

FSC Taiwan have revealed specific improvements in response to your COVID-19 pandemic. This type of improvements were postponed utilization of the past Basel III laws and regulations and you may postponement off internal resource buffer conditions getting banks. FSC Taiwan along with expected banks when deciding to take steps to possess corporate and you may private individuals which have been influenced by the fresh new pandemic. To know the risk-bearing skill and you will capital suitability out-of domestic banking companies around COVID-19 epidemic, FSC Taiwan was requiring thirty six domestic banking institutions to help you declaration ahead the outcome of your next mainstay worry try when you look at the 2020. The exam condition includes brand new impact of one’s crisis towards the new economic business and you can financial environment.

According to the previous step from the BCBS to respond to the brand new COVID-19 pandemic, FSC Taiwan recently adjusted the fresh new plan to possess implementation of this new Basel III latest laws. FSC Taiwan possess place a goal from 2023, toward utilization of the final Basel III legislation. Continue reading →