China supports Basel III liquidity rules, official says

09/9/2011 | Bloomberg

Liu Chunhang of the China Banking Regulatory Commission said most of the country's banks will easily meet Basel III liquidity requirements. "The vast majority of our banks will meet or exceed the new requirements on liquidity," Liu said. "We view the new liquidity standards as a very helpful tool for banks to improve the management of liquidity risk." Meanwhile, Nelson Man of the Hong Kong Monetary Authority questioned whether the standards should have some flexibility.

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