Featured Product

    CBIRC Holds Conference on Banking and Insurance Supervision

    August 29, 2018

    CBIRC held a video conference on banking and insurance supervision. Topics discussed at the conference include "economic and financial work" conducted since the beginning of the year, analysis of the current situation, and the proposed key tasks for the near future.

    The key tasks to be implemented in the near future include preventing and defusing financial risks; improving the differentiated real estate credit policy and resolutely curbing the real estate bubble; classifying and disposing of non-performing loans; and preventing and mitigating the hidden debt risks of local governments. The following are the other key highlights of discussion topics:

    • In-depth study of the three-year action plan for the prevention of financial risks in the banking and insurance industries.
    • Increase in investment in the real economy and further improvement in the economic level of the banking and insurance industry. As of the end of July, various loans of banking financial institutions increased by 12.4% year-on-year while insurance funds provided financing for the real economy over 13 trillion yuan.
    • Deepening of reform of the system and accelerating the implementation of new measures for the opening up of the banking and insurance industries. 

     

    Related Link: Press Release

    Keywords: Asia Pacific, China, Banking, Insurance, NPL, Resolve Financial Risks, Conference, CBIRC

    Related Articles
    News

    FSI Paper Examines Use of Suptech Initiatives by Financial Authorities

    The Financial Stability Institute (FSI) of BIS published a paper that examines the suptech developments by analyzing suptech initiatives of 39 financial authorities globally.

    October 17, 2019 WebPage Regulatory News
    News

    US Agencies Consult on Policy Statement on Allowance for Credit Losses

    US Agencies (FDIC, FED, NCUA, and OCC) are consulting on the policy statement on allowances for credit losses and on the guidance on credit risk review systems.

    October 17, 2019 WebPage Regulatory News
    News

    PRA Consults on Approach to Supervising Liquidity and Funding Risks

    In consultation paper (CP27/19), PRA published a proposal (CP27/19) to update the supervisory statement SS24/15 on the PRA approach to supervising liquidity and funding risk.

    October 17, 2019 WebPage Regulatory News
    News

    FSB Report Examines Implementation and Impact of G20 Financial Reforms

    FSB published fifth annual report on the implementation and effects of the G20 financial regulatory reforms.

    October 16, 2019 WebPage Regulatory News
    News

    EBA Launches Consultation on Comprehensive Pillar 3 Disclosures

    EBA proposed the new comprehensive implementing technical standard (ITS) for public disclosures by financial institutions.

    October 16, 2019 WebPage Regulatory News
    News

    EBA Consults on Revised Technical Standards on Supervisory Reporting

    EBA launched a consultation on the revised implementing technical standards, or ITS, on supervisory reporting.

    October 16, 2019 WebPage Regulatory News
    News

    BoE and FCA Examine Use of Machine Learning in Financial Sector in UK

    BoE and FCA published a report on the results of a joint survey by BoE and FCA in 2019 to better understand the use of machine learning in the financial services sector in UK.

    October 16, 2019 WebPage Regulatory News
    News

    BCBS Report Examines Progress on Adoption of Basel Framework

    BCBS published the seventeenth progress report on adoption of Basel regulatory framework.

    October 16, 2019 WebPage Regulatory News
    News

    APRA Proposes Measures to Strengthen Capital for Bank Depositors

    APRA proposed changes to APS 111, which is the prudential standard on measuring capital adequacy and establishes the criteria for regulatory capital requirements of authorized deposit-taking institutions.

    October 15, 2019 WebPage Regulatory News
    News

    EIOPA Consults on Technical Advice for the 2020 Review of Solvency II

    EIOPA is consulting on an opinion that sets out technical advice for the 2020 review of Solvency II.

    October 15, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 3981