Regulators notes 'controls, monitoring and compliance review’ lapses by private banks.
Authorities to increase coordination, combine regulations, boost enforcement to target systemic risks.
Funds no longer need to obtain positive consent for shift in investment strategy.
Banks, development financial institutions and micro-finance banks required to identify beneficial owners.
Trio to cooperate on bank inspections, AML and personnel training.
Financial Markets Authority sets out seven priorities for the coming year.
Move aims to ensure compliance at Chinese lenders' more than 200 overseas branches.
Senior finance ministry official Ajay Tyagi to replace UK Sinha on 1 March.
Regulator in advanced stages of discussion with special investigation team.
Exchanges have imposed trading fees in response to PBOC inquiries.
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