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Update news Basel standards
Though there are currently no regulations that require the application of Basel III international banking standards, some banks have pioneered the implementation of the norms and are expected to complete the work soon.
M&A in banking sector is forecast to be exciting in the near future as many banks are accelerating to restructure and raise capital to meet Basel II standards’ deadline by 2020 set by the central bank, experts said.
Local banks are hurrying to raise capital in order to improve their financial capacity and meet Basel II standards by 2020.