Featured Product

    CBIRC Consults on Rules for Administrative Licensing of Foreign Banks

    November 08, 2019

    CBIRC published draft implementation measures on administrative licensing of foreign banks. The draft measures include provisions to regulate the implementation of administrative licensing of foreign-funded banks by CBIRC; clarify the administrative licensing matters, conditions, procedures and deadlines; and protect the legitimate rights and interests of an applicant. The deadline for comments is December 08, 2019. The measures shall be implemented as of the date of promulgation. Additionally, the Measures for the Implementation of Administrative Licensing Matters by Foreign Banks, of the China Banking Regulatory Commission (CBRC Order No. 3 of 2018), shall be repealed simultaneously.

    Foreign-funded banks referred to in these measures include wholly foreign-owned banks, Chinese-foreign joint venture banks, foreign bank branches, and foreign bank representative offices. Wholly foreign-owned banks, Chinese-foreign joint venture banks, and foreign bank branches are collectively referred to as foreign-funded banks' business institutions. The matters of a foreign-funded bank that shall be subject to administrative permission from CBIRC include establishment of the institution, change of the institution, termination of the institution, scope of business, qualifications of directors and senior managers, and other administrative regulations as required by laws, administrative regulations, and the State Council License matters. 

     

    Related Links (in Chinese)

    Comment Due Date: December 08, 2019

    Effective Date: Date of Promulgation

    Keywords: Asia Pacific, China, Banking, Foreign-Funded Banks, Bank Licenses, CBIRC

    Related Articles
    News

    OSFI Outlines Prudential Policy Priorities for Coming Months

    OSFI has set out the near-term priorities for federally regulated financial institutions and federally regulated private pension plans for the coming months until March 31, 2022.

    May 06, 2021 WebPage Regulatory News
    News

    BIS Announces TechSprint on Innovative Green Finance Solutions

    Under the Italian G20 Presidency, BIS Innovation Hub and the Italian central bank BDI launched the second edition of the G20 TechSprint on the lookout for innovative solutions to resolve operational problems in green and sustainable finance.

    May 06, 2021 WebPage Regulatory News
    News

    EBA Proposed Regulatory Standards for Central Database on AML/CFT

    EBA proposed the regulatory technical standards on a central database on anti-money laundering and countering the financing of terrorism (AML/CFT) in EU.

    May 06, 2021 WebPage Regulatory News
    News

    ECB Responds to EC Consultation on Crisis Management Framework

    ECB published its response to the targeted EC consultation on the review of the bank crisis management and deposit insurance framework in EU.

    May 06, 2021 WebPage Regulatory News
    News

    ACPR Publishes Version 1.0.0 of RUBA Taxonomy

    ACPR published Version 1.0.0 of the RUBA taxonomy, which will come into force from the decree of January 31, 2022.

    May 06, 2021 WebPage Regulatory News
    News

    BCBS, CPMI, and IOSCO to Survey Market Participants on Margin Calls

    BCBS, CPMI, and IOSCO (the Committees) are inviting entities that participate in market infrastructures and securities markets through an intermediary as well as non-bank intermediaries to complete voluntary surveys on the use of margin calls.

    May 05, 2021 WebPage Regulatory News
    News

    ECB Amends Decision on TLTRO III

    ECB published Decision 2021/752 to amend Decision 2019/1311 on the third series of targeted longer-term refinancing operations or TLTRO III.

    May 05, 2021 WebPage Regulatory News
    News

    Central Bank of Ireland Issues Draft Template for AnaCredit Reporting

    The Central Bank of Ireland published Version 2.7 of the draft credit data template and rules for monthly AnaCredit reporting by banks.

    May 05, 2021 WebPage Regulatory News
    News

    OSFI Consults on Revisions to BCAR and Leverage Requirements Returns

    OSFI proposed revisions to the Basel Capital Adequacy Reporting (BCAR) and leverage requirements returns for the 2023 reporting, with the comment period ending on July 09, 2021.

    May 04, 2021 WebPage Regulatory News
    News

    EBA Seeks Views on Revisions to Nonperforming Loan Data Templates

    EBA published a discussion paper on review of the standardized nonperforming loans (NPL) transaction data templates, along with the proposed revised NPL data templates.

    May 04, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6936