Revised Basel III liquidity rules force Asia into uncharted territory

Uncharted territory

Asia-Pacific banks might view the Basel Committee on Banking Supervision’s proposals on liquidity as an unwelcome and onerous intrusion. After all, the global financial crisis originated in the US and unleashed its most severe repercussions in North America and Europe while Asia Pacific banks emerged relatively unscathed. Nonetheless, with the hard-learnt lessons from the Asian financial crisis of the late 1990s not yet a distant memory, Asian regulators and bank executives are also keen to