Chinese regulators released draft rules governing its global systemically important banks’ (G-SIBs) loss-absorbing capacity in an effort to guard against risks to the country's massive financial system.
China's G-SIBs, referring to banks that are “too big to fail” whose failure could trigger a wider financial crisis, will be required to meet certain capital adequacy targets starting from 2025, according to a draft rules released by the People’s Bank of China (PBOC . . .
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