Bank capital has long been a hot topic in Asia, but the asset class has so far failed to ignite the kind of excitement that the Basel reforms once promised – at least outside of Australia. That is all about to change.
IFR Asia Asian Bank Capital Roundtable 2016: Roundtable participants
IFR ASIA: Welcome. Sean, you took part in a similar discussion we hosted almost three years ago, so perhaps you’re the best to kick this off. Where do we stand with bank capital in Asia? How much capital do banks really need here?
IFR ASIA: Well, there’s always been a degree of resistance to Basel in Asia. India, China, you name it, they never wanted to apply these rules to a state-owned system, but they’ve got them. It’s sort of the same with TLAC. It’s happening whether you like it or not.