ICBC added to list of globally systemic banks that must hold extra capital

A second Chinese bank, Industrial and Commercial Bank of China (ICBC), has been added to the list of the world’s top banks that must hold extra capital from 2016 because of their size and reach.

via Business feed http://www.scmp.com/business/banking-finance/article/1354186/icbc-added-list-globally-systemic-banks-must-hold-extra