As part of the plan, the Bank will be conducting an update of the AQR of all banks to effectively determine the current provisioning and capital needs of each bank. Banks that are found to be significantly undercapitalized would be required to inject capital within a stipulated time frame and improve upon their risk management practices.
The US Federal Reserve finally raised its target funds rate (Although just yesterday the Fed turned dovish, retreating on their initially indicated four rate hikes in 2016 to just two). Risk aversion was causing a de-risking. And oil supply was significantly much larger than demand. The net result has been a volatile financial market.