China's capital rules are "compliant" with the minimum standards outlined in the Basel III framework with two "immaterial" exceptions, the Bank for International Settlements (BIS) revealed today.
The Basel Committee on Banking Supervision dispatched an assessment team, led by the Bank of Italy's central manager for banking and financial supervision, Luigi Federico Signorini, to assess the degree to which China's capital rules comply with Basel's standards.
The team assessed the rules in 14 areas
- Uruguay’s digital currency pilot ‘close to launch’, says governor
- Central banks will be using blockchain by 2019 – research
- Central banks may be thinking wrongly about inflation – Borio
- Nigerian state uses central bank as ‘piggy bank’ – MPC member
- European Commission announces supervisory agency reforms