Korea ready for Basel III, claims FSC
Despite a series of financial crises over the past 15 years, strong liquidity and high capital buffers mean the South Korea banking sector is well placed to meet the demands of Basel III, according to Lee Sangche, deputy chairman for international affairs at the Financial Services Commission
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 meetings
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