Revisions aims to align framework with Basel changes.
Transition brings its own risks and will take time to compensate for current weakness, report says.
Document covers 36 Asia-Pacific banks in Committee’s Group 1 category.
Banking Academy deputy director cites supervision failures; suggests sector restructuring did not have desired impact.
Committees required to relieve debt burden rather than recall loans, stop lending.
Report to G20 says funds are being driven underground; cites failures to initiate derivative market reform in China and Korea.
FSA said to split supervision of regional banks; aims to boost lending, raise profitability.
ADIs should hold conservation buffer of 2.5% of RWA, rising to 3.5% for D-SIBS.
FSC has introduced tougher credit rules on group borrowing; household debt now $1.13tn.
Reports on Korea, Indonesia, Singapore, Japan, China and Australia due over next 12 months.