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Stocks Analysis

Fragmentation of financial regulation hindering Covid response

HONG KONG: Banks’ obligations to keep cash “ring-fenced” within countries could reduce lending to Asian economies grappling with the fallout from the new coronavirus outbreak, a financial industry group said in a report.

Banking

Japan short of rescue plans for regional lenders hit by pandemic

KYOTO: The coronavirus pandemic is deepening the pain for Japan’s regional lenders, heightening concerns that a potential wave of business closures will test policymakers’ ability to avert a damaging banking sector crisis.