Korea ready for Basel III, claims FSC

Meeting the challenges

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AsiaRisk: How well placed are Korean banks to meet Basel III? Lee Sangche, deputy chairman for international affairs, Financial Services Commission: Korean banks’ capital adequacy ratio for common equity is at 11% with total capital at 14%. So the current ratio is higher than the 10.5% of total capital required by 2019 under Basel III. Most banks will not have any difficulty meeting these ratios and they should even be able to pay dividends without a problem. At the Basel Committee meet