Published:
Singapore delays bank capital rules implementation by a year
This follows the postponements by Hong Kong and Australia regulators.
Reuters reported that Singapore's banking regulator has told lenders it will delay by a year the implementation of global rules designed to rein in trading risks - the latest sign that the post-crisis overhaul of the world's banking system may be stalling.
"The move follows similar postponements by banking regulators in Hong Kong and Australia as concerns grow over the complexity of the rules and as it is also uncertain how they will fit with other capital reforms yet to be finalised," added Reuters.
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