Resumen de Woori T2s clarify Korea Basel III.
The article reports on the Tier 2 bond offering from Woori Bank, the first Korean Basel III-compliant bond, that is said to have set a benchmark for the Asian regulatory capital market. Topics addressed are the questions raised over the implementation of the write-down requirement, the statutory point of non-viability (PONV) of the bond offering, and the process of incorporating Basel III provisions into Korean banking regulations.
