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Fitch: Prospects Good for Colombian Banks Heading toward BIS III

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BOGOTA, Colombia--(BUSINESS WIRE)--The international guidelines recommended under Basel III set higher capital requirements with an emphasis on capital quality rather than quantity, but Fitch Ratings does not expect implementation of these new standards to have an immediate impact on Colombian banks' ratings. Current Colombian regulation stablishes a minimum 9% of total regulatory capital, where Basic Capital should be at least 4.5% (Basel III Common Equity Tier 1). In order to align local regu

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