Move aims to enhance management and liquidity of financial institutions, promote inter-bank lending.
APRA chairman says deposit-taking institutions now obtain funding from ‘more stable’ sources.
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.