The two ex-bankers have relaxed risk controls and used customised rules to facilitate loan approvals for certain borrowers in exchange for bribes.
November 8, 2021Financial corruption and financial risks are intertwined, said senior inspector Xu Jiaai, speaking about corruption cases involving PBOC officials.
November 7, 2021The new requirements will ensure merchant acquiring services have measures in place to manage settlement risk, financial risk, fraud risk, technology risk and cyber risk.
September 23, 2021The interconnected nature of climate-related financial risks and the growing body of work to address them reinforce the need for coordinated action, the FSB says.
July 8, 2021The BOK is concerned that growing financial risks, household debt, and higher inflation could spark a new crisis.
July 2, 2021Customer reserve funds must be deposited either at the PBOC or with an eligible commercial bank, and transferred only through a clearing institution.
January 28, 2021The PBOC and CBIRC have formally barred banks from selling personal fixed deposit products online via third party platforms, citing regulatory violations.
January 19, 2021The NGFS is calling for wider use of ERA in the financial industry, offering case studies to showcase the adoption of ERA tools and methodologies by some FIs.
September 11, 2020The revisions will likely expand the PBOC's statutory responsibilities to include macro-prudential management, financial risk oversight, financial infrastructure and financial holding companies.
May 27, 2020From 4 October, margin loans will be capped at five times capital, despite appeals from brokerage firms to postpone the new rules by one year.
September 30, 2019