Tag: financial system
China's debt is on the rise again as Beijing ramps up efforts to support the slowing economy.
As long as the process looks realistic, reasonable and logical, criminals will use their creativity to launder money which needs a hiding place.
The so-called "bad bank" will be based on a branch of Otkritie, which was rescued by the central bank in August, and will function as a fund.
The oversupply of properties has not hit banks yet, but when it does, the system is not likely to collapse as banks are better prepared now than they were during the Asian financial crisis.