Chinese banks to implement fresh capital accord by end of 2013

08/24/2009 |

The China Banking Regulatory Commission's plan for domestic banks to implement a revised capital accord has large lenders making changes by the end of next year and all banks entering the agreement by the end of 2013. "To align China's practice with international standards, the CBRC Basel II Implementation Group recently revised seven policy documents following the newly released Enhancement to Basel II Framework by the Basel Committee on Banking Supervision," the CBRC said on its Web site. The regulator is taking public comments on the revisions.

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