diff --git a/target-i386/cpu.h b/target-i386/cpu.h
index fc4a605d6a..84edfd0d8a 100644
--- a/target-i386/cpu.h
+++ b/target-i386/cpu.h
@@ -286,6 +286,8 @@
 #define MCE_CAP_DEF     (MCG_CTL_P|MCG_SER_P)
 #define MCE_BANKS_DEF   10
 
+#define MCG_CAP_BANKS_MASK 0xff
+
 #define MCG_STATUS_RIPV (1ULL<<0)   /* restart ip valid */
 #define MCG_STATUS_EIPV (1ULL<<1)   /* ip points to correct instruction */
 #define MCG_STATUS_MCIP (1ULL<<2)   /* machine check in progress */
diff --git a/target-i386/kvm.c b/target-i386/kvm.c
index 93d1f5eb6b..90bd447bed 100644
--- a/target-i386/kvm.c
+++ b/target-i386/kvm.c
@@ -784,21 +784,18 @@ int kvm_arch_init_vcpu(CPUState *cs)
             return ret;
         }
 
-        if (banks < MCE_BANKS_DEF) {
+        if (banks < (env->mcg_cap & MCG_CAP_BANKS_MASK)) {
             error_report("kvm: Unsupported MCE bank count (QEMU = %d, KVM = %d)",
-                         MCE_BANKS_DEF, banks);
+                         (int)(env->mcg_cap & MCG_CAP_BANKS_MASK), banks);
             return -ENOTSUP;
         }
 
-        mcg_cap &= MCE_CAP_DEF;
-        mcg_cap |= MCE_BANKS_DEF;
-        ret = kvm_vcpu_ioctl(cs, KVM_X86_SETUP_MCE, &mcg_cap);
+        env->mcg_cap &= mcg_cap | MCG_CAP_BANKS_MASK;
+        ret = kvm_vcpu_ioctl(cs, KVM_X86_SETUP_MCE, &env->mcg_cap);
         if (ret < 0) {
             fprintf(stderr, "KVM_X86_SETUP_MCE: %s", strerror(-ret));
             return ret;
         }
-
-        env->mcg_cap = mcg_cap;
     }
 
     qemu_add_vm_change_state_handler(cpu_update_state, env);