Published December 06, 2012
Beijing boosts banks’ capital adequacy testing ahead of Basel III implementation
ICBC, CCB, ABC, BoC, BOCOM and China Merchants Bank given permission to establish individual capital assessment models to measure asset strength and prepare for Basel III rules.
Date: Dec 06, 2012
Author: Baron Laudermilk
Categories: Capital & Strategic Issues, China, Credit Risk, Regulation, Risk and Regulation
Keywords: PBoC, ICBC, CCB, ABC, BoC, BOCOM, China Merchants Bank
China Securities Journal recently reported that six major Chinese banks, comprising Industrial & Commercial Bank of China, China Construction of Bank, Agricultural Bank of China, Bank of China, Bank of Communications, and China Merchants Bank, will be allowed to establish individual capital assessment models to measure asset strength. This has occurred as People’s Bank of China continues to pass…