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.
- 1Opinion: Sacrificing Half the World’s People Undercuts ‘The Wandering Earth’s’ Humanistic Message
- 2Two Large Chinese Borrowers Are Said to Miss Bond Payments
- 3China Biz Roundup Podcast: Factory Inflation Stalls, iPhone Discounts, and Private Kindergarten Closures
- 4Holiday Spending Bodes Poorly for China’s Economy This Year
- 5 Operators of ‘Underground Banks’ Which Move Cash Out of China to Face Jail
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas