G20 financial reform led by Europe and America

G20 leading Asian economies, the lack of a unified voice, which means that the United States and Europe will dominate the direction of the global financial regulatory reform, and reform some of the new rules pose a major challenge in emerging markets.
G20 has signed a series of banking and financial market regulation for the great reformer. G20 members and five Asian members of the Committee as the financial stability of Hong Kong and Singapore have signed an agreement to agree.
However, regulators in Asia, said many of the rules for the local market has brought great difficulties. They said, to some extent this is due to changes in the U.S. and Europe in terms of regulation easier to find common ground.
"Lack of a unified voice in Asia, I think this is a challenge." Hong Kong Securities and Futures Commission, the main Xiwei Yi Li (Martin Wheatley) in the Thomson Reuters Complinet's regulatory summit organized by the Pan Asia (Pan-Asian Regulatory Summit) on the said.
Bank liquidity on the new rules, known as Basel III part of the framework is to neglect to consider the reform of capital markets in some emerging market debt the size of typical.
"Asian countries are facing liquidity standards to meet these major challenges." Korea Financial Supervisory Authority (FSS), Vice President Lee Jang Yung said.
These standards mean that banks must hold a certain level of highly liquid assets such as bonds, etc., which these banks can in the time of the financial system under pressure to meet its financial obligations.