CBRC issued interim measures for the management of Commercial Bank Equity. The measures are intended to strengthen equity management of commercial banks, standardize the behavior of shareholders of commercial banks, and make up for the shortcomings of regulation. These measures shall come into force on the day of promulgation.
The measures highlight stricter shareholder rules and disclosure requirements. The interim measures include 59 articles related to general provisions, shareholder responsibilities, duties of commercial banks, information disclosure supervision and management, and legal liability. The interim measures emphasize strengthening the management of related party transactions between commercial banks and shareholders and related personnel, in addition to focusing on issues such as the transfer of benefits and the "bankability" of banks. The measures implement the principle of classification and supervision and take the major shareholders that have a significant impact on the operation and management of commercial banks as the regulatory focus.
Related Links (in Chinese)
Keywords: Asia Pacific, China, Banking, Equity Management, Disclosure Requirements, Capital Requirements, CBRC
Previous ArticleESMA Chair Says Preparation for MiFID II is on Track
BoE published a statistical notice (Notice 2020/9) explaining the approach for treatment of payment holidays on the profit and loss return or Form PL.
BoE updated the known issues document for the statistical reporting Forms AS and FV.
FED announced individual capital requirements for 34 large banks and these requirements go into effect on October 01, 2020.
SRB published a set of documents to give operational guidance to banks on implementation of the bail-in tool.
BIS published an update on the G20 TechSprint Initiative, which was launched in April 2020 and aims to highlight the potential for technologies to resolve regulatory compliance (regtech) and supervisory (suptech) challenges.
OSFI published a letter that provides an update on the milestones for the implementation of the IFRS 17 standard on insurance contracts.
EBA updated the report on the implementation of selected COVID-19 policies.
The Financial Stability Institute (FSI) of BIS published a brief note that examines the supervisory challenges associated with certain temporary regulatory relief measures introduced by BCBS and prudential authorities in response to the COVID-19 pandemic.
BCBS is consulting on the principles for operational resilience and the revisions to the principles for sound management of operational risk for banks.
BoE updated the reporting template for Form ER as well as the Form ER definitions, which contain guidance on the methodology to be used in calculating annualized interest rates.