China to Publish Its Own Too-Big-to-Fail List
China is applying one of the main lessons from the 2008 global financial crisis by tightening supervision of too-big-to-fail financial institutions.
Regulators led by China’s central bank released guidelines Tuesday to designate more “systemically important financial institutions” (SIFIs), following similar moves by regulators around the globe that aim to reduce systemic financial risks. Institutions on the list will have to comply with additional regulatory requirements on capitalization, leverage ratios, liquidity and large-exposure risks, according to the guidelines.
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