Chinese banks kept in the dark on Tier 1 contingent capital

Author: | Published: 30 May 2011

China’s banking regulator gave banks no warning over the role of contingent capital in its new Basel III guidelines.

Sean McNelis, director of financing solutions at HSBC, told IFLR that one of the most talked about Basel III topic – contingent capital – had not been mentioned in China Banking regulatory Commission's (CBRC) guidelines.

It was just a...