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FINANCIAL SERVICES | Staff Reporter, Hong Kong
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Hong Kong delays implementation of global capital rules until 2020

HKMA cited 'a number of practical implementation questions'.

Hong Kong's banking regulator said on Friday it would delay by a year the implementation of global rules designed to rein in banks' trading risks, in the first signs a United States-led pushback on post-crisis rules is having ripple effects in Asia, according to a Reuters report.

The rules, known as the 'fundamental review of the trading book' (FRTB), were drawn up last year by the Basel Committee on Banking Supervision. They form part of a decade-long international effort to prevent a repeat of the 2008-2009 global financial crisis.

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