Capital Regulation

Only Basel I rules will apply for the first three years after launch. Basel III will be phased in from the fourth year onwards, including NSFR and the leverage ratio.

The 200 basis point RRR cut will take place over three phases by end-July, and free up an estimated $3.6bn in banking system liquidity.

Despite the rise in overall NPLs at China's commercial banks, a boost in new lending and bad asset disposal resulted in lower NPL ratios.

Based on recent BCBS/IOSCO guidance, ISDA estimates that regulatory IM preparation can be deferred for upwards of 70-80% of Phase 5 counterparty relationships.

In Asia, most jurisdictions have made progress with Basel III adoption, though most have yet to make progress on non-cleared derivatives margining and CCP regulation.

The second phase of the programme is aimed at helping troubled borrowers who owe credit card and personal loan debt to both bank and non-bank lenders.

The central bank has opted to use its national discretion in key areas in credit, market and operational risk management.

China’s central bank has cut the reserve requirement ratio for smaller, locally focused banks. This is the sixth RRR cut since the start of 2018.

Following BOC's perpetual bond issuance in January, 10 more Chinese banks have announced plans to issue similar bonds, including ABC, ICBC and CCB.

The RBI has been ordered by the India's highest court to disclose its annual banking inspection report, which contains sensitive commercial information of banks.