China’s banking regulator revised rules on instruments that commercial banks use to replenish capital, as lenders are facing increasing capital pressure following a deleveraging campaign.
The China Banking and Insurance Regulatory Commission (CBIRC) clarified the sequence for capital loss absorption for different classes of capital instruments in a guideline issued on Friday.
The new rules address questions such as which get paid first between holders of perpetual bonds and preferred stock in case of . . .
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