China published rules on Friday that require its globally systemically important banks to beef up capacity to absorb losses to head off financial instability. Those banks must meet specific total loss-absorbing capacity (TLAC) targets from 2025, the People’s Bank of China (PBOC), the China Banking and Insurance Regulatory Commission (CBIRC) and the Ministry of Finance …
The post China Toughens Rules For Its Globally Systemically Important Banks first appeared on Hellenic Shipping News Worldwide.