Private equity funds will be allowed to take over bad debts, restructure mid-sized firms.
Regulator to consider BCBS guidelines, introduce ‘relevant policy proposals’.
Board says consultation will result in fine tuning rather than a rollback of post-crisis reform.
Banks ordered to conduct reviews of risk and compliance as new chairman Guo Shuqing toughens stance.
Upcoming measures include new ‘corrective action’ framework and REIT, InvIT investment rules.
MoU with Thailand covers cross-border supervision; Philippines agreement confirms ABIF details.
Rise blamed on lack of punitive measures, weak recovery efforts by banks.
Bonds will meet requirement that TLAC instruments be equivalent to at least 18% of RWA.
CBRC checking potential risks from non-guaranteed wealth management products, entrusted loans and entrusted investments.
Committee says it will take 5-6 years for D-SIBs to implement data aggregation, reporting principles.