Singapore Meets Basel III Bank-Capital Rules, Agency Says

The Basel Committee on Banking Supervision said Singapore successfully implemented an overhaul of international bank-capital rules.

An assessment by regulators found that “Singapore’s overall capital regime is in line with the requirements of the Basel framework,” the group said in a statement on its website.

Any deviations from the so-called Basel III rules “were not considered by the assessment team to be material,” it said.

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