Colombia inches toward Basel III

Posted by On 1:19 PM

Colombia inches toward Basel III

Home / Daily Briefs / 2018 / 11 / Colombia inches toward Basel III Colombia inches toward Basel III Colombia inches toward Basel III June 11, 2018 | Aaron Weinman Local banks' adoption of the global standard could lead to improved capital and be positive on credit profiles, Fitch Colombia is inching gradually towards the adoption of Basel III standards, potentially improving banks' capital adequacy and credit profiles, according to a report from Fitch Ratings. Capitalization remains Colombian banks' main credit weakness when stacked up against its regional peers and the eventual transition to Basel III would improve Fitch's core capital ratios by rou ghly 200bp to 300bp, the rating agency said. The country's Ministry of Finance has proposed a framework to bring Colombia's

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Start free trialSource: Google News Colombia | Netizen 24 Colombia

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