Featured Product

    CBIRC Holds Conference on Supervision of Banks and Insurers

    January 13, 2020

    CBIRC published a statement on the 2020 National Banking and Insurance Industry Supervision and Management Conference. The statement also highlights the focus areas for CBIRC for 2020. Key work areas will involve addressing of issues related to shadow banking, strengthening of asset and liability management, improving the recovery and resolution framework, identifying the domestically important financial institutions, and development of green finance.

    In the meeting, it was highlighted that progress has been made in preventing and tackling financial risks. Reforms in the areas relating to key institutions have continued to deepen while corporate governance mechanisms have been further improved. It was emphasized that in 2020 the “Thirteenth Five-Year Plan” will be completed. CBIRC published questions and answers (Q&As) related to the supervision and management conference. The discussions covered the progress in the area of nonperforming loans (NPLs). Approximately CNY 2 trillion in NPLs were disposed of in 2019. All loans that were overdue for more than 90 days by commercial banks were included in non-performing asset management. Shadow banking and cross-financial risks continue to converge. Over the past three years, the size of shadow banking has dropped by CNY 16 trillion from its historical peak. Problematic financial institutions have been dealt with in an orderly manner and key risks in the insurance field have been alleviated. 

    In 2020, the key areas of work will include the following:

    • Continued dismantling of shadow banking, particularly reduction in the high-risk shadow banking business to prevent resurgence
    • Effectively prevention and mitigation of the risks of external shocks, work on stress testing for banking and insurance institutions, and improvement in response plans
    • Introduction of measures for supervision and evaluation of financial services for small and micro enterprises in commercial banks (comprehensive financing cost of inclusive small and micro enterprises to be reduced by another 0.5 percentage points)
    • Improvements to the equity structure and encouragement for domestic and overseas professional institutions with prominent main businesses, advanced management, and excellent records to invest in Chinese banks and insurance companies
    • Comprehensive strengthening of the supervision of asset and liability quality (Based on the existing five-level classification, refine the classification rules and improve the accuracy of asset classification. Regulations on the quality of liabilities should be formulated to improve the stability and matching of liabilities of bancassurance institutions, especially small and medium-size institutions.)
    • Strengthening of the recovery and resolution mechanism of bancassurance institutions and closely working with relevant departments to determine the list of domestically important financial institutions
    • Development of green finance and launch of a number of financial products that are conducive to environmental protection

     

    Related Links (in Chinese)

    Keywords: Asia Pacific, China, Banking, Insurance, NPLs, Shadow Banking, ALM, Governance, Systemic Risk, Recovery and Resolution, ESG, CBIRC

    Featured Experts
    Related Articles
    News

    EBA Publishes Final Regulatory Standards on STS Securitizations

    The European Banking Authority (EBA) published the final draft regulatory technical standards specifying and, where relevant, calibrating the minimum performance-related triggers for simple.

    September 20, 2022 WebPage Regulatory News
    News

    ECB Further Reviews Costs and Benefits Associated with IReF

    The European Central Bank (ECB) is undertaking the integrated reporting framework (IReF) project to integrate statistical requirements for banks into a standardized reporting framework that would be applicable across the euro area and adopted by authorities in other EU member states.

    September 15, 2022 WebPage Regulatory News
    News

    EBA Publishes Funding Plans Report, Receives EMAS Certification

    The European Banking Authority (EBA) has been awarded the top European Standard for its environmental performance under the European Eco-Management and Audit Scheme (EMAS).

    September 15, 2022 WebPage Regulatory News
    News

    MAS Launches SaaS Solution to Simplify Listed Entity ESG Disclosures

    The Monetary Authority of Singapore (MAS) set out the Financial Services Industry Transformation Map 2025 and, in collaboration with the SGX Group, launched ESGenome.

    September 15, 2022 WebPage Regulatory News
    News

    BCBS to Finalize Crypto Rules by End-2022; US to Propose Basel 3 Rules

    The Basel Committee on Banking Supervision met, shortly after a gathering of the Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of BCBS.

    September 15, 2022 WebPage Regulatory News
    News

    IOSCO Welcomes Work on Sustainability-Related Corporate Reporting

    The International Organization of Securities Commissions (IOSCO) welcomed the work of the international audit and assurance standard setters—the International Auditing and Assurance Standards Board (IAASB)

    September 15, 2022 WebPage Regulatory News
    News

    BoE Allows One-Day Delay in Statistical Data Submissions by Banks

    The Bank of England (BoE) published a Statistical Notice (2022/18), which informs that due to the Bank Holiday granted for Her Majesty Queen Elizabeth II’s State Funeral on Monday September 19, 2022.

    September 14, 2022 WebPage Regulatory News
    News

    ACPR Amends Reporting Module Timelines Under EBA Framework 3.2

    The French Prudential Control and Resolution Authority (ACPR) announced that the European Banking Authority (EBA) has updated its filing rules and the implementation dates for certain modules of the EBA reporting framework 3.2.

    September 14, 2022 WebPage Regulatory News
    News

    ECB Paper Discusses Disclosure of Climate Risks by Credit Agencies

    The European Central Bank (ECB) published a paper that examines how credit rating agencies accepted by the Eurosystem, as part of the Eurosystem Credit Assessment Framework (ECAF)

    September 13, 2022 WebPage Regulatory News
    News

    APRA to Modernize Prudential Architecture, Reduces Liquidity Facility

    The Australian Prudential Regulation Authority (APRA) announced reduction in the aggregate Committed Liquidity Facility (CLF) for authorized deposit-taking entities to ~USD 33 billion on September 01, 2022.

    September 12, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8514