Taiwan FSC builds towards Basel III

jih-chu-lee
Jih-Chu Lee, FSC

While Taiwan is not a member of the Basel Committee on Banking Supervision, it is nonetheless pushing ahead with adoption of the committee’s Basel III framework in line with international norms. Local Taiwanese banks are well capitalised and in a strong position to meet the Basel III capital requirements, says Financial Supervisory Commission (FSC) vice chairperson Jih-Chu Lee. 

According to the FSC, the average capital ratios (as of September 2011) of domestic banks are: average common equity

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