CONTRA EL PINGALISMO CASTRISTA/
"Se que no existe el consuelo
que no existe
la anhelada tierrra de mis suenos
ni la desgarrada vision de nuestros heroes.
Pero
te seguimos buscando, patria,..." - Reinaldo Arenas
lunes, junio 27, 2011
Chinese banks: What the U.S. financial industry can learn from them.
By Howard Davies
The Chinese financial system's evolution in recent years has been extraordinary. In 2002, all of China's major banks were awash in bad loans, which in some cases amounted to more than 10 percent of the total balance sheet. None of the major banks met international standards for capital adequacy. Few financiers in London or New York could have named any Chinese bank other than Bank of China, which was often wrongly thought to be the central bank. And to suggest that the United States Federal Reserve, or the United Kingdom's Financial Services Authority, might have anything to learn from China's financial authorities would have been thought absurd.
The Chinese financial system's evolution in recent years has been extraordinary. In 2002, all of China's major banks were awash in bad loans, which in some cases amounted to more than 10 percent of the total balance sheet. None of the major banks met international standards for capital adequacy. Few financiers in London or New York could have named any Chinese bank other than Bank of China, which was often wrongly thought to be the central bank. And to suggest that the United States Federal Reserve, or the United Kingdom's Financial Services Authority, might have anything to learn from China's financial authorities would have been thought absurd.
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