The CBRC announced the year 2008 and 2009 as preparation period for Basel II implementation and will start to process commercial bank’s implementation applications from the year 2010.
The China Banking Regulatory Commission held the first meeting of the High-level Committee for Basel II Implementation in China’s Banking Industry. The year 2008 and 2009 is preparation period for Basel II implementation and the CBRC will start to process commercial bank’s implementation applications from the year 2010.
The Implementation Taskforce proposed the draft of five pieces of guidance for the Committee to review, which are the Guidance on Classifying Credit Risk Exposure in Banking Book of Commercial Banks, the Supervisory Guidance on Internal Rating System for Credit Risk of Commercial Banks, the Guidance on Regulatory Capital Measurement for Special Lending of Commercial Banks, the Guidance on Regulatory Capital Measurement for Credit Risk Mitigation of Commercial Banks and the Guidance on Regulatory Capital Measurement for Operational Risk of Commercial Banks.
Press release
© CBRC - China Banking Regulatory Commission
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