All posts tagged "CBIRC"
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140ChinaCBIRC Enhances Complaints Handling Mechanisms in Banking, Insurance
Banks and insurers are required to complete complaints handling processes within 15 days in cases where the facts are clear and the matter in dispute are simple.
January 22, 2020 -
142ChinaCBIRC Whistleblower Handling Mechanism to Take Effect from March
The measures oblige banking and insurance supervisors to investigate violations of banking and insurance laws and regulations reported by whistleblowers, and to protect their privacy.
January 20, 2020 -
203China
CBIRC to Impose New Rules on Cash Management Products
The rules will require banks' cash management products to invest in shorter duration assets and limit leverage to 120%, among other requirements.
January 17, 2020 -
382ChinaISDA Chief Calls for Certainty on China Close-out Netting
The lack of legal certainty and judicial recognition on close-out netting can impede capital market development in China, impacting domestic FIs the most, ISDA's Scott O'Malia said.
January 16, 2020 -
519China
CBIRC Issues Guidance on Banking, Insurance Sector Development
The guidance sets 5-year targets for banks and insurers to improve in areas such as governance, risk management, financial product development and fintech innovation.
January 9, 2020 -
803AML / KYC
CBIRC Tightens Scrutiny of AML/CTF Programmes at Banks, Insurers
Banks and insurers are required to submit annual reports on their AML/CTF programmes within 20 working days after the end of each year. For 2019, the reports should be submitted by 15 February 2020.
January 6, 2020 -
321China
China Banks, Insurers Urged to Develop Foreign Trade-related Services
New guideline asks banks and insurers to develop foreign trade-related financial services to help develop bilateral trade between China and key jurisdictions, including the 'Belt and Road' countries.
January 2, 2020 -
480Capital Regulation
CBIRC Issues Revised Regulations for Foreign Banks in China
The revised regulations implement the removal of foreign ownership limits and asset thresholds for setting up local units, among other relaxations.
December 30, 2019 -
267China
Macau Banks Encouraged to Set Up on Mainland: CBIRC
China has unveiled a raft of policies to increase financial cooperation with Macau, largely seen as a reward for the city's adherence to ‘One Country, Two Systems'.
December 24, 2019 -
350ChinaAmundi-BOC Wealth Management JV Wins CBIRC Approval
The joint venture is expected to launch during the second half of 2020. Amundi will own a 55% stake while BOC Wealth Management will own the other 45%.
December 23, 2019
