The central bank also agreed to allow SMEs to restructure loans and extend the deadline for banks to comply with the capital conservation buffer by one year.
While long-term deleveraging and de-risking remain in place, China's authorities are likely to rely to a greater extent on public sector spending to support growth.
The Financial Stability Board has added France's Groupe BPCE to its 2018 list of global-systemically important banks and removed RBS and Nordea.
New rules governing bank TLAC holdings, concentration risk in sovereign exposures have been gazetted and will be presented before LegCo on 21 November.
The government and RBI have reached a temporary agreement on some issues after an unprecedented public spat between the two caused alarm about the central bank’s independence.
The new standard aims to reduce contingency risks for the central bank as a lender of last resort and ensure financial intermediaries supply sufficient HQLA assets.
The banking regulator is seeking feedback on a proposal to increase the Total Capital requirement for Australia's D-SIBs by 4-5% of risk-weighted assets by 2023.
The central bank said China might implement the TLAC framework earlier than 2025 because the country's ratio of credit bonds to GDP may exceed the 55% trigger set by the FSB.
Singapore banks face greater asset risk in 2019, with both Moody's and Fitch expecting loan growth to moderate amid worsening global conditions.
The credit line is aimed at preventing a liquidity crunch after a scandal involving falsified proof of income and assets to approve loans resulted in mass withdrawals by depositors.