三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

New rules to help lenders reduce risks

By CHEN JIA | China Daily | Updated: 2020-10-09 09:13
Share
Share - WeChat
The People's Bank of China. [Photo/Sipa]

PBOC: 'Big Four' banks to adopt Basel capital adequacy standards by 2025

China has issued new rules that seek to improve the ability of the country's global systemically important banks (G-SIBs) to absorb losses and adhere to the global regulatory standards on capital adequacy and liquidity by Jan 1, 2025, as part of the ongoing efforts to prevent systemic financial risks.

The People's Bank of China, the central bank, and the China Banking and Insurance Regulatory Commission, the banking regulator, said that banks which have been designated as G-SIBs by the Financial Stability Board, an arm of the G20, would have to comply with the Basel Committee requirements on "total loss-absorbing capacity", or TLAC, to ensure that they have enough equity and bail-in debt.

Though the regulators have not announced an exact date for the new rules to kick in, some financial institutions estimate that the Big Four banks-Industrial and Commercial Bank of China, Bank of China, Agricultural Bank of China and China Construction Bank-may need additional capital of about 2 trillion yuan ($295 billion) to 3 trillion yuan to meet the 2025 standards.

The Big Four lenders may need to increase capital by nearly 392.4 billion yuan every year for the next six years, said Zhang Xu, an analyst with Everbright Securities.

The new policy will help China's G-SIBs, or banks that are deemed "too big to fail", to make the necessary plans to satisfy the Basel capital adequacy rules and help develop a multilevel capital market, said a PBOC spokesman.

The unbalanced financial structure of banks, which have been the mainstay of China's financial system, had prompted regulators to promote non-bank lending institutions and expand capital markets to curb debt growth, analysts said.

Moody's Investors Service, a global credit ratings agency, said in a report that during the first eight months of this year, new lending rose by 25 percent on a yearly basis to 15.1 trillion yuan. Formal bank lending will continue to dominate new credit supply, the ratings agency said, adding that banks would continue to maintain a strong flow of long-term credit to corporates in line with the government's policy of providing adequate support to businesses and investment.

In November 2018, the PBOC said that it would implement the international framework of TLAC for the four G-SIBs and said that it is very likely that China might implement the TLAC framework earlier than Jan 1, 2025.

"The four G-SIBs are expected to actively use the new capital instrument of perpetual bonds to strengthen their capital," said Yulia Wan, a senior analyst with Moody's. Most of the large banks and joint-stock banks may already have sufficient capital buffers to meet the additional capital requirements, she said.

In China, regulators have shortened the approval period for perpetual bonds issues, reduced entry barriers for issue of preferred shares and allowed eligible banks to use multiple capital replenishment instruments, Wan said.

The central bank also said that it would establish a countercyclical capital buffer regime, which became effective from Sept 30, to protect the banking sector from periods of excess aggregate credit growth that have often been associated with the buildup of systemic financial risks.

During economic downturns, the capital buffer helps reduce risks that could arise when credit supply is crimped by the regulatory capital requirements.

Regulators will assess and adjust specific requirements for the capital buffer at regular intervals based on macroeconomic and financial projections, leverage level and the robustness of the banking system, the central bank said.

In December 2010, the Basel Committee on Banking Supervision published the third version of a global regulatory framework for more resilient banks and banking systems, which presented the details of global regulatory standards on bank capital adequacy and liquidity, including a countercyclical capital buffer.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 国产h视频 | 91pao强力打造免费高清 | 国产精品人体私拍99pans | 免费观看黄的小视频 | 网站啪啪| 成人在色线视频在线观看免费大全 | 久久视屏这里只有精品6国产 | 26uuu亚洲影视新地址 | 免费看三级全黄 | 精品欧美高清一区二区免费 | 看毛片网 | 人与鲁牲交持级毛片 | 日韩欧美精品一区二区 | 浪潮ar二三区 | 亚洲国产综合精品中文第一区 | 亚洲欧美色中文字幕 | 1769国产精品一区2区 | 亚洲精品中文字幕午夜 | 国产美女亚洲精品久久久毛片 | 高h猛烈做哭bl壮汉受小说 | 九九99香蕉在线视频网站 | 麻豆精品久久精品色综合 | 日韩视频二区 | 成人在线免费视频观看 | 国产欧美日韩在线 | 成人国产欧美精品一区二区 | 一级在线观看视频 | 一级毛片免费毛片一级毛片免费 | 免费啪| 国产精品不卡无毒在线观看 | 国产精品福利自产拍网站 | 国产亚洲片 | 久久精品国产999大香线焦 | 日韩精品观看 | 日本精品久久久久中文字幕8 | 一区二区视频在线播放 | 三级视频黄色 | 国产久草视频在线 | 国产日韩欧美一区二区 | 中文字幕小明 | 国产日产欧产麻豆精品精品推荐 |