Dec 29 (Reuters) - Tougher capital rules may be required for China's biggest lenders that are systemically important, the head of the banking regulator was quoted by the official China Securities Journal as saying on Wednesday.
Higher capital adequacy ratio targets for big banks are also required to build up counter-cyclical capital buffers in the banking system, said Liu Mingkang, chairman of the China Banking Regulatory Commission.
The CBRC is currently studying new regulations for financial institutions that are considered "too big to fail," said Liu.
The next step is to enhance precaution measures to prevent financial institutions from employing business structures that are overly complicated and to reduce the risk of moral hazard in the system, he was quoted as saying by the Securities Journal as saying.
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