KPMG gives warning on Asia regulatory reform

Lack of a level playing field on regulatory reform in the Asia-Pacific region may have long-term negative effects on its economy and be a burden to the region's banks, a KPMG report said on Wednesday. Comparing Asian banking regulation with that in Europe and the United States, the report said there are some areas where there is a clear commonality of approach such as on capital, and others where there is more diversity, such as liquidity reforms.

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