Cross-investment in related enterprises, an opaque business model at the mercy of regulators and a netherworld of shadowy financial products, Anbang is a signal lesson in what to avoid in China.
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.