Commentators regard central bank proposal as ‘regrettable backward step’.
Committee confirms institutions can be compliant with its Core Principles without implementing Basel I, II or III.
Proposal aims to improve efficiency of prudential requirements for banks and non-bank deposit takers.
Country found to fully meet 12 of 14 risk-based capital regulations; compliant with LCR rules.
Failures could cause bank run, and authorities would have to intervene, head of China strategy says.
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.
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