SHANGHAI Nov 13 China will not postpone
implementation of tougher global bank capital rules despite a
delay in compliance by U.S. banks, the official Shanghai
Securities News reported on Tuesday, citing unidentified
The tougher rules, known as Basel III, are the Bank for
International Settlement's regulatory response to the 2007-09
financial crisis and would force banks to triple the amount of
basic capital they hold in a bid to avoid future taxpayer
They are meant to be phased in from January 2013 but U.S.
regulators have recently cast doubt on the time frame due to a
flood of industry comments on the proposals.
China's 16 listed banks have all met capital requirements
set out by Basel III, the newspaper said.
In addition, because there is a grace period of six years,
and the government encourages lenders to use innovative ways to
replenish capital, there will not be any big impact on the
capital markets when China adopts tougher rules next year, the
(Reporting by Samuel Shen and Kazunori Takada; Editing by Eric