Early adopter: Philippines set to introduce Basel III by start-2014

Despite most western countries not implementing the final stage of Basel III until 2019 the Philippines’ banking industry is gearing up to meet the full capital standards by the start of 2014. Banks are in a strong position to comply but challenges remain


Basel III was formulated as a direct response to prevent another financial crisis occurring within the global banking system. However, the last financial crisis in Asia occurred in 1997. Since then, governments in the region and their financial regulators have undertaken measures which have meant Asian banks have emerged from the last global financial crisis of 2007–08 relatively unscathed.

Basel III introduces a complex package of reforms designed to improve the ability of bank capital to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here