Asian banks win important Basel III victory but have little to fear

Asian banks are going to approach Basel III from a position of strength relative to their Western counterparts. Most are relatively well capitalised, have strong balance sheets and are operating in economies that are doing well,” says Ambreesh Srivastava, senior director and head of financial institutions ratings for south and southeast Asia at Fitch Ratings in Singapore.

When the Basel Committee on Banking Supervision (BCBS) convened this July to consider market reactions to last year’s