The guide highlights the need for banks to establish proper data and AI governance frameworks, and maintain continuous control over AI-based solutions post-implementation.
Officials from the PBOC, MOF and CSRC reportedly met with foreign and domestic banks to discuss ways to protect China's foreign assets from possible future US sanctions.
Banks will be required to more closely monitor their agent banking outlets, conduct regular visits of such operations, and submit quarterly reports on any irregularities detected.
The consultation focuses on remediation work following a technical review of the DSB’s cloud infrastructure, enterprise-wide risk monitoring tools, and GUI enhancements.
The centralised platform will make available data regarding each listed company's board of directors - by age, gender and years of tenure.
Banks can include government securities worth up to 16 percent of their NDTL in their LCR calculations, compared to 15 percent under earlier guidance.
Insurers and takaful operators must undertake a due diligence process that includes reference checks with all of an agent's current and former employers.
The SEC said having women represented on the board is a good corporate governance practice and more listed companies should strive to achieve greater boardroom diversity.
The central bank says some banks are waiving interest on loans too generously, a practice which could lead clients to lose interest in timely repayment.
The report offers recommendations for monitoring, managing and mitigating climate-related risks to promote consistent approaches across sectors and jurisdictions.