China Drafts Tougher Capital Rules for Too-Big-to-Fail Banks
- Most important lenders face additional capital surcharge
- Banks will need to plan for crisis recovery, make living wills
The Lujiazui financial district in Shanghai, China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
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China’s financial regulators plan to impose additional capital requirements on the nation’s systemically important banks, seeking to curb risks and safeguard stability of the $49 trillion industry.