WBC westpac banking corporation

reader, Basel III reforms have been delayed by one year to 1...

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    reader, Basel III reforms have been delayed by one year to 1 January 2023. Given this why mention APRA? Are you shorting Westpac & playing the role of boogeyman to scare the children?

    https://www.investmentexecutive.com/news/from-the-regulators/final-basel-iii-reforms-delayed/

    • March 27, 2020

    "Global banking regulators are delaying implementation of reforms that are part of the new Basel III capital regime, citing the disruption created by the Covid-19 outbreak."...
    ..."(regulators) agreed to delay the implementation of certain Basel III standards by one year to Jan. 1, 2023, including the revised market risk framework and new disclosure requirements. They also delayed accompanying transitional arrangements by a year to Jan. 1, 2028.

    The regulators said the revised timeline is “not expected to dilute the capital strength of the global banking system, but will provide banks and supervisors additional capacity to respond immediately and effectively to the impact of Covid-19.”

 
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