Monday , December 11 2017

Banking

IMF: China’s banks need to raise capital buffers after credit boom

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Bloomberg China’s banks should increase their capital buffers to pro- tect against any sudden economic downturn following a credit boom, the International Monetary Fund said. In its first comprehensive assessment of China’s financial system since 2011, the IMF recommended “a gradual and targeted increase in bank capital.” In a worst-case ...

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Bankers in Scandinavia say new Basel rules hit them unduly hard

Swedish Retail And Employment Office As Recession Looms
...A sign sits outside the entrance to a Svenska Handelsbanken AB office in Malmoe, Sweden, on Thursday, March 8, 2012. Swedish house price gains came to a halt in the three months through October amid signs of slowing economic growth, giving the central bank scope to cut interest rates as Europe's debt crisis deepens. Photographer: Linus Hook/Bloomberg

Bloomberg The financial industries of Sweden and Denmark were quick to criticise the Basel Committee on Banking Supervision’s completed framework, arguing it will hit Scandinavian lenders too hard. “The Basel standards will, if they are fully implemented in the EU and Sweden, have large negative effects for Swedish banks, their ...

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