Zhu Min, Bank of China: What China’s banks have learned from the crisis

In an exclusive interview with Euromoney Zhu Min, group executive vice president at Bank of China, talks about lessons learned from the financial crisis, the limitations of Basle II, and reforming the bank’s risk management.

The financial crisis has led most of the world’s financial institutions to re-examine their risk management procedures. As you look to continue reforms at Bank of China, what can be learned from the problems others have faced?

We were to a certain degree immune from the crisis not because we had better risk management but because we had a more vanilla business model focusing on loans—

But there were some losses, of around $1 billion.

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Zhu Min, Bank of China: What China’s banks have learned from the crisis

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