Chopping down loan loss reserves is another form of de-regulation. #SystemicRisk
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by @WSJmarkets view original on Twitter
China’s banking regulator has softened rules requiring lenders to set aside provisions against losses on bad loans, to encourage banks to provide more trustworthy assessments of their health. ft.com/content/4cc6ee… 
"The new rules bring China closer to international standards. Most countries force banks to set aside provisions equal to between 50% and 100% of NPLs, according to research by Dong Ximiao, senior analyst at the Chongyang Institute for Financial Studies in Beijing. "
unroll please
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