Basel III implementation likely to lead to significant Asian bank capital issuance
Basel III implementation, specifically the implementation of capital conservation buffers and the phase-out of non-Basel III (B3)-compliant sub-debt - is likely to lead to significant capital issuance from Asia ex-Japan …
Basel III implementation, specifically the implementation of capital conservation buffers and the phase-out of non-Basel III (B3)-compliant sub-debt - is likely to lead to significant capital issuance from Asia ex-Japan (AXJ) banks in the coming years.
Standard Chartered Bank notes in a report on Wednesday:
We estimate that the 49 large AXJ banks under our coverage will need up to USD 170bn of additional Tier 1 (AT1) and USD 180bn of Tier 2 (T2) capital by end-2018.
China banks, given their size, account for more than half of these requirements. Indian, Korean and Malaysian banks also have high bank capital issuance requirements given their relatively low capitalisation levels.
Thailand, Singapore and Hong Kong currently have high capital levels and strong capital accretion, and are likely to rely mostly on common equity Tier 1 (CET1) to meet their total capital requirements.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
