Bloomberg China’s banks should increase their capital buffers to pro- tect against any sudden economic downturn following a credit boom, the International Monetary Fund said. In its first comprehensive assessment of China’s financial system since 2011, the IMF recommended “a gradual and targeted increase in bank capital.” In a worst-case scenario, IMF stress tests suggested the country’s lenders would face …

Bloomberg ICICI Securities Ltd., a unit of India’s largest private-sector lender by assets, has picked arrangers for an initial public offering that could value the company at more than 200 billion rupees ($3.1 billion), people familiar with the matter said. The brokerage arm of ICICI Bank Ltd. selected Bank of America Corp (BofA) and Citigroup Inc. to advise on the …

Bloomberg The financial industries of Sweden and Denmark were quick to criticise the Basel Committee on Banking Supervision’s completed framework, arguing it will hit Scandinavian lenders too hard. “The Basel standards will, if they are fully implemented in the EU and Sweden, have large negative effects for Swedish banks, their clients and the Swedish economy,” Hans Lindberg, the head of …