Bank regulatory rules delayed

Tighter regulations postponed in wake of ongoing uncertainty in global economy

China postponed the implementation of tougher regulatory rules on commercial banks for a second time as the economy continues to soften amid rising global uncertainties.

The State Council, China's Cabinet, announced on Wednesday that the new rules, based on the new global regulatory standards, set tougher criteria for lenders' capital adequacy, provisions, leverage and liquidity conditions, and will take effect at the beginning of 2013.