May 21, 2018

CBIRC issued the final data governance guideline for banking financial institutions, post a consultation with the stakeholders. The aim is to guide banks to strengthen data governance, improve data quality, realize full value of data, and improve the level of operation and management, from high-speed growth to high-quality development. The guidelines shall come into force as of the date of issue.

The guideline contains seven chapters with 55 Articles covering general principles, data governance architecture, data management, data quality control, data value realization, supervision, and supplementary provisions and by-laws. The issuance and implementation of the guideline will help promote transformation of the banking industry from high-speed growth to high-quality development, expand new businesses, tap new dynamics, improve service capabilities, and improve the quality of business management. The guideline shall apply to the banking financial institutions established in the People's Republic of China. The term "banking financial institutions" as used in the guideline refers to financial institutions, policy banks, and national development banks that have established deposits with commercial banks and rural credit cooperatives in the People's Republic of China. 

 

Related Links (in Chinese)

Effective Date: May 21, 2018

Keywords: Asia Pacific, China, Banking, Data Governance, Guideline, Data Quality, CBIRC

Related Articles
News

US Agencies Consult on Capital Treatment of Land Development Loans

US Agencies (FDIC, FED, and OCC) issued a proposed rule on the treatment of loans that finance the development of land for purposes of the one- to four-family residential properties exclusion in the definition of high volatility commercial real estate (HVCRE) exposure in the regulatory capital rule.

July 12, 2019 WebPage Regulatory News
News

EBA Single Rulebook Q&A: Second Update for July 2019

Under the Single Rulebook question and answer (Q&A) updates for this week, EBA published answers to five questions related to supervisory reporting.

July 12, 2019 WebPage Regulatory News
News

ESMA Updates Manual for European Single Electronic Format in EU

ESMA updated the reporting manual for European Single Electronic Format (ESEF).

July 12, 2019 WebPage Regulatory News
News

FED Updates Supplemental Instructions for Reporting Form FR Y-9C

FED updated the supplemental instructions for FR Y-9C reporting.

July 12, 2019 WebPage Regulatory News
News

EBA Publishes Report on Monitoring Implementation of LCR in EU

EBA published its first report on the monitoring of the implementation of liquidity coverage ratio (LCR) in EU.

July 12, 2019 WebPage Regulatory News
News

EIOPA Consults on Reporting and Disclosures Under Solvency II Review

EIOPA launched a consultation package on supervisory reporting and public disclosure in the context of its work linked with the 2020 Solvency II review.

July 12, 2019 WebPage Regulatory News
News

APRA Applies Additional Capital Requirements to Three Australian Banks

APRA is applying additional capital requirements to three major banks in Australia to reflect higher operational risk identified in their risk governance self-assessments.

July 11, 2019 WebPage Regulatory News
News

IMF Report on 2019 Article IV Consultation on Euro Area Policies

IMF published its staff report in context of the 2019 Article IV consultation on euro area policies with member countries.

July 11, 2019 WebPage Regulatory News
News

FSB to Survey Practices on Cyber Incident Response and Recovery

FSB launched a survey on the industry practices on cyber incident response and recovery.

July 11, 2019 WebPage Regulatory News
News

ECB Appoints New Members of Supervisory Board

The Governing Council of ECB appointed Edouard Fernandez-Bollo, Kerstin af Jochnick, and Elizabeth McCaul as representatives to the Supervisory Board of ECB Banking Supervision, for a five-year non-renewable term.

July 11, 2019 WebPage Regulatory News
RESULTS 1 - 10 OF 3441