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.
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 on more autonomy to banks to assess their capital strength, with implementation of Basel III standards due in 2013. If recent reports are anything to go by, the six banks are expected to see their capital…
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Categories: Capital & Strategic Issues
, Credit Risk
, Risk and Regulation
, China Merchants Bank