FINANCIAL SERVICES | Staff Reporter, Hong Kong

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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