Bank Regulator Orders Loans Co-issued by Banks and Trust Companies Back on to the Balance Sheets
Published:
2011-01-20
The China Banking Regulatory Commission (CBRC) has released a notice requiring commercial banks to ensure that loans co-issued by banks and trust companies be included on the balance sheets of the banks by the end of 2011. Additionally, it requires the amount owed on these kinds of loans to be reduced by at least 25% each quarter. Trust companies will be required to meet certain capital requirments such as setting aside 10.5% of the total amount of any co-issued loans that are not moved on to the books of the commercial banks.
Source
Economic Observer Online
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