China’s banking regulator will conduct regional and national stress tests, the state-run Shanghai Securities News reported on Friday, reflecting growing concerns over credit risk.
Chinese banks had a spike in bad loans last year, and the agency, the China Banking Regulatory Commission, sent guidelines sent to banks last month, saying the tests would be done “in a timely manner.”
The tests are intended “to analyze the impact of unfavorable situations in individual banks and the banking system, and urge banking financial institutions to make emergency plans,” the regulator said in its guidelines.
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New York Times via CHINA US Focus http://ift.tt/1hpmtLS
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