China drafts tougher capital rules for its too-big-to-fail banks ...Qatar

China’s financial regulators plan to impose additional capital requirements on the nation’s systemically important banks, seeking to curb risks and safeguard stability of the $49tn industry. Banks considered too big to fail will be put into five categories and face a surcharge of between 0.25% and 1.5% on top of the mandatory capital adequacy ratios, the People’s Bank of China and the China Banking and Insurance Regulatory Commission said in a draft rule on Friday. Lenders will also need to make detailed plans on how to recover from a crisis, as well as draft living wills with disposal plans in case they can’t operate as an ongoing entity. Chinese authorities have started to evaluate system

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China drafts tougher capital rules for its too-big-to-fail banks ...Qatar

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