Of the Regulatory Information
FSC Taiwan has actually launched specific advancements as a result on COVID-19 pandemic. These advancements is defer implementation of the final Basel III regulations and you can postponement of interior capital barrier criteria having finance companies. FSC Taiwan along with expected financial institutions to take strategies getting business and you will personal borrowers that happen to be impacted by the new pandemic. To learn the danger-hit strength and money suitability away from residential financial institutions significantly less than COVID-19 crisis, FSC Taiwan are requiring 36 residential banking companies to report ahead of time the outcomes of your own 2nd mainstay worry test when you look at the 2020. The test situation will include the fresh new effect of one’s crisis into the fresh monetary sector and you can economic environment.
In line with the previous step by BCBS to resolve brand new COVID-19 pandemic, FSC Taiwan has just adjusted the latest timetable having utilization of new Basel III final laws. Continue Reading
