Governor of the Central Bank of the Philippines talks Basel III
Asia Risk: Why has the Central Bank of the Philippines (BSP) decided to adopt capital requirements of 6% for common equity and total Tier I of 7.5% – figures that are materially higher than the minimum level proposed by the Basel Committee?
Amando Tetangco, governor, Central Bank of the Philippines: The BSP has always set its capital adequacy standards higher than the minimum required by the Bank for International Settlements. Whereas the Basel Accord required 8% minimum Tier I capital level, we
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