Notice of RetractionApplications of economic capital management system in risk management of Commercial Bank

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

U.S. financial crisis in 2008 made the deficiencies in risk management of new Basel II exposed. In August 2008 the Basel Committee proposed in the “economic capital model of practice” that it will evolve the framework that assesses the banks´ economic capital into the Pillar 2 of Basel II. China is introducing economic capital management system in accordance with the requirements of Basel´s new agreements. Industrial and Commercial Bank of China launches a comprehensive economic capital management system, it implements a system in which the Economic added value is the very key indicator, and develops an integrated system in product performance evaluation.