CBRC’s New Supervisory Storm is Here – Implications for Foreign Banks in China
摘要
The China Bank Regulatory Commission (“CBRC”) has issued a set of new rules (“Rules”). The Rules apply to both domestic banks and foreign banks in China. This publication focuses on key issues that are relevant to foreign banks operating in China. In addition to introducing many new requirements and guidelines, the Rules also strengthen and reinforce a number of existing CBRC policies. The Rules are the latest in a series of policy and enforcement measures taken by Chinese financial regulators to address financial and systemic risks. This article deals with some implications for foreign banks in china, including irregular and improper behaviors in the industry, package of tough new measures, key objectives and outcomes and how banks can better manage risks and so on.
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