China's financial regulators draft tougher rules for too-big-to-fail banks

Chinese authorities have started to evaluate systemically important banks this year by measuring assets of the nation's 30 largest lenders.

China’s financial regulators plan to impose additional capital requirements on the nation’s systemically important banks, seeking to curb risks and safeguard stability of the $49 trillion industry.
 
Banks considered too big to fail will be put into five categories and face a surcharge of between 0.25 per cent and 1.5 per cent on top of the mandatory capital adequacy ratios, the People’s Bank of China and the China Banking and Insurance Regulatory Commission said in a draft rule on Friday.
 
Lenders will also need to make detailed plans on how to recover from a crisis, as well as