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.
Financial Stability Board calls for urgent steps to be taken to implement reforms.
‘Master Directions’ include rules on NBFC accepting client deposits and standalone primary dealers.
Stock exchange market cap of $71.3bn represents 38% of GDP, a 6-year high.
Framework would align exposure norms with BCBS recommendations.
Central bank aims to encourage lenders to free up capital; avoid adding to $24.28bn in liquidity already parked with it by lenders.
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