The South China Morning Post reported on concerns about whether or not banks seeking offshore IPOs would be forced to comply with new Basel II guidelines on risk management before listing. But according to accounting firm Ernst & Young, foreign securities regulators will probably not require China's banks to have more sophisticated risk management systems in place this early in the season. E&Y partner Phillip Straley told the daily he did not expect foreign regulators to insist on processes that had yet to be implemented in their own countries.
You must log in to post a comment.
Yes, I would like to receive emails from China Economic Review. (You can unsubscribe anytime)
Copyright © 2018 SinoMedia Group Limited All rights reserved