Double standards: India aims to reconcile Basel liquidity ratios with domestic rules
The recent financial crisis was one of liquidity rather than solvency but as the Basel Committee looks at the best way to legislate for this risk, India is facing a different issue: how to integrate its already tough liquidity framework with the new international standards. Deepak Singhal, chief general manager at the Reserve Bank of India, speaks to Asia Risk
One of the key problems for Asian states in implementing the Basel III accord is the issue of liquidity. And while Hong Kong has had to resort to allowing local banks to take on foreign currency assets and Australia has had to create a liquidity facility for its banks, India’s historic focus on liquidity management means it already has a complex set of rules on this issue which it is trying to integrate with the approach taken by the Basel Committee on Banking Supervision.
Indian bank regulation
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