A continued lack of clarity over China’s statutory bail-in framework is hampering efforts to shore up balance sheets, with some capital markets participants warning that if the regulator doesn’t introduce new legislation soon, the country’s largest banks could face an issuance crunch to meet their G20 commitments to build total loss absorbing capacity (TLAC).
“Banks in China are well aware of the long-term pressure of the TLAC requirement, but it is very hard for them to budget for this kind of
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