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

    Higher standards for key institutions

    By Chen Jia | China Daily | Updated: 2018-11-28 07:10
    Share
    Share - WeChat
    Some experts close to the central bank said that rules on the bankruptcy procedure of commercial banks could be a part of the special regime, to allow some banks to exist in the market without sparking systemic risks. [Photo/IC]

    New measure aims to prevent systemic financial risks, PBOC official says 

    China will impose tighter regulations on financial institutions identified as systemically important, requiring higher standards on supplementary capital and the leverage level, the central bank announced on Tuesday.

    The additional regulatory requirement is to prevent systemic financial risks and enhance financial institutions' sustainability, said an official with the People's Bank of China, the central bank, in a statement on its website.

    A "special resolution regime" will come into play when systemically important financial institutions fail or have financial difficulties, to ensure the failure will not affect the whole financial system. "That is the key arrangement to solve the 'too big to fail' issue," said the official.

    The bailout fund, if the financial institutions fail, could be collected by themselves or through market-oriented financial channels. And the central bank will be the final source of emergency liquidity, according to the statement.

    More details, including the standards for supplementary capital and the leverage level, could be released in the short term, said Wang Gang, a senior financial researcher at the Development Research Center of the State Council, who participated in the drafting process of a guidance document.

    "The guidance has clarified a policy framework, and more regulations will be unveiled soon referring to some global standards," he said.

    Some experts close to the central bank said that rules on the bankruptcy procedure of commercial banks could be a part of the special regime, to allow some banks to exist in the market without sparking systemic risks. The deposit insurance system will play a more important role in the future, they said.

    Further requirements on financial institutions' liquidity and exposure will also be made for some institutions, according to the guidance.

    The financial regulatory body, the Financial Stability and Development Committee, will review and update the financial name list annually. Lower-level regulatory bodies will collect financial institutions' data and assessment scores by August every year, before proposing a draft list.

    Systemically important financial institutions include banks, securities and insurance companies. Some larger financial holding companies, if they are identified as "systemically important" by the committee, should also follow the guidance, the central bank said.

    Systemically important financial institutions are those with large scale, complex structures and businesses, and a high connection with other financial institutions. Once they have risk exposure, their failure will influence the entire financial system. The Financial Stability Board, the global financial stability supervisor, has just completed the 2018 assessment of China's global systemically important financial institutions.

    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
     
    综合久久久久久中文字幕亚洲国产国产综合一区首 | 日本一区二区三区精品中文字幕 | 好看的中文字幕二区高清在线观看 | 国产成人一区二区三中文| 亚洲中文字幕无码不卡电影| 久久亚洲精品中文字幕| 精品无码一级毛片免费视频观看 | 日韩精品无码熟人妻视频| 天堂在/线中文在线资源官网| 国产高新无码在线观看| 亚洲AV无码码潮喷在线观看| 亚洲欧美精品综合中文字幕| 无码中文av有码中文a| 日韩少妇无码一区二区三区| 久久午夜无码鲁丝片| 成人无码免费一区二区三区| 亚洲JIZZJIZZ中国少妇中文| 亚洲AV中文无码乱人伦下载| 夜夜精品无码一区二区三区| 久久久久亚洲AV无码专区桃色 | 麻豆亚洲AV永久无码精品久久| 国模无码人体一区二区| 亚洲日本va午夜中文字幕久久| 人妻少妇精品中文字幕AV| 中文无码不卡的岛国片| 亚洲中久无码不卡永久在线观看| 国产精品午夜福利在线无码| 97久久精品无码一区二区天美| 久久久久久国产精品免费无码 | av无码专区| 老司机亚洲精品影院无码| 免费无码VA一区二区三区| 久久久久亚洲AV无码永不| 免费无码成人AV在线播放不卡 | 亚洲人成影院在线无码观看| 精品无码久久久久久久久久 | 亚洲人成无码网WWW| 中文在线天堂网WWW| 超清无码无卡中文字幕| 最近中文字幕电影大全免费版| 久久久噜噜噜久久中文字幕色伊伊|