Chinese regulators led by the central bank plan to impose additional regulations on financial institutions deemed as systematically important, in a move to step up efforts to prevent crisis.
Systematically important financial institutions (SIFIs), commonly known as “too big to fail,” will be subject to extra capital requirements, and may face additional rules on leverage, risk exposure and information disclosure, according to a guideline released by the People's Bank of China, China Banking and Insurance Regulatory Commission and China Securities Commission on Tuesday.
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