Week of
Sri Lanka's Central Bank amended Basel III capital requirements for banks' gold-secured claims. The single record for the week comes from the Central Bank of Sri Lanka, which issued amendments to Banking Act Directions No. 01 of 2016 on capital requirements under Basel III for licensed commercial banks and licensed specialised banks. The change replaces the risk weight treatment for claims secured by gold, setting risk weights of 10%, 40% and 100% according to loan-to-value ratios of up to 70%, over 70% up to 100%, and over 100% respectively. The amendment applies to both licensed commercial banks and licensed specialised banks. Published in English and not a translation, it is the week's only item, so the week's weight rests entirely on this Sri Lankan directive and no other regulator or country appears in the records.
Sri Lanka
Amendments to Directions on Capital Requirements under Basel III for Licensed Commercial Banks and Licensed Specialised Banks
The Central Bank of Sri Lanka amends Banking Act Directions No. 01 of 2016 on Basel III capital requirements by replacing the risk weight treatment for claims secured by gold. The amendment introduces risk weights of 10%, 40% and 100% based on loan-to-value ratios of up to 70%, over 70% up to 100%, and over 100% respectively, and applies to licensed commercial banks and licensed specialised banks.
DirectivePublished in EnglishEnglishCapital requirementsReporting requirements
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