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S'pore banks: tougher rules boon for confidence

But they are aware of challenges in less tough jurisdictions

[SINGAPORE] Singapore banks support tougher regulatory requirements here, although there is awareness that other jurisdictions may not play the same way.

Notably, banks incorporated here must hold a minimum common equity Tier 1 capital adequacy ratio of at least 9 per cent, which is above the Basel III minimum of 7 per cent.

And although the Basel III framework has been relaxed to allow for more forms of high-quality liquid assets used to calculate liquidity coverage ratio (LCR), the Monetary Authority...

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