Singapore to postpone implementation of bank capital rules

It is following the footsteps of Hong Kong and Australia.

Reuters reported that Singapore's banking regulator has told lenders it will delay by a year the implementation of global rules designed to rein in trading risks - the latest sign that the post-crisis overhaul of the world's banking system may be stalling.

The move follows similar postponements by banking regulators in Hong Kong and Australia as concerns grow over the complexity of the rules and as it is also uncertain how they will fit with other capital reforms yet to be finalised.

The Monetary Authority of Singapore (MAS) notified local banks of the delay to the so-called 'fundamental review of the trading book' (FRTB) in a letter last month that also flagged a number of other regulatory issues, two people briefed on the matter said.

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