China attempts to calm markets over bank liquidity fears; Korea launches new "reg-lite" stock market for SMEs; Vietnam lowers deposit ceiling to spur bank lending.
Basel regulators have agreed to delay bank liquidity buffer regulations for another four years, which is later than most had expected. Full implementation will be required by 2019.
Europe will delay the Basel III deadline for bank capital requirements for six months at least. Originally set to go live in January 2013, Europe now follows the US in postponing the regulations.
It’s accepted by many as a real and present danger, but there's very little anyone can do about it. This is why the bankers are silent on the matter, naturally preferring to steer the conversation to what they can and are prepared to deal with.
European banks are pulling financing out of Asia with Singapore and Hong Kong badly hurt, especially in trade finance. Asian banks are taking some of the slack.