Ellen J. Silverman: Basel, China Continues to Face Challenges

From Securitization.Net:

Asian Banker Research has recently examined the various obstacles that China will face in implementing Basel I & II, despite recent promising developments in the country’s reforms.

The China Banking Regulatory Commission (CRBC) announced that 30 banks met the Basel requirement of an 8 percent capital adequacy ratio ( CAR ) by the end of 2004. Although the figure exceeded expectations, the country has over 100 other commercial banks and thousands of credit cooperatives that still have severe capital problems.

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