Banking regulator sends letter to local offices with guidance on creditor committee systems.
Guo Shuqing acknowledges confusion created by variety of different laws and regulations.
Some requirements on capital risk calculation and reporting had been due in January next year.
Framework due to be published before July’s G20 Summit.
Regulator says bank did not properly assess borrowers’ repayment ability.
14 foreign institutions have set up operations in the country since liberalisation in 2014.
MAS managing director Ravi Menon ends two-year term as chair of committee on implementation.
Guo Shuqing expected to address Chinese banks’ bad debts, shadow banking.
Guidance suggests identifiers could be compatible with other types of transaction.
BCBS survey also finds Group 1 banks’ more than halved their Tier 1 capital shortfall.