CBIRC and IMF signed a Memorandum of Understanding (MoU) in Beijing, as part of an ongoing effort to strengthen technical cooperation in support of the financial sector reforms in China. The five-year MoU covers cooperation and capacity development in banking and insurance supervision and development, systemic risk prevention, implementation of Financial Sector Assessment Program (FSAP) recommendations, and stakeholder communications.
During her first visit to Beijing, IMF Managing Director Kristalina Georgieva and Chairman GUO Shuqing of the CBIRC agreed that intensified cooperation envisaged under the memorandum will be most helpful in supporting financial stability and development in China. They looked forward to the mutual benefits that will arise from enhanced collaboration and welcomed the continued partnership and cooperation that underpins the strong relationship between the IMF and China.
Related Link: Press Release
Keywords: International, Asia Pacific, China, Banking, Insurance, Fintech, Systemic Risk, MoU, FSAP, Banking Supervision, IMF, CBIRC
Across 35 years in banking, Blake has gained deep insights into the inner working of this sector. Over the last two decades, Blake has been an Operating Committee member, leading teams and executing strategies in Credit and Enterprise Risk as well as Line of Business. His focus over this time has been primarily Commercial/Corporate with particular emphasis on CRE. Blake has spent most of his career with large and mid-size banks. Blake joined Moody’s Analytics in 2021 after leading the transformation of the credit approval and reporting process at a $25 billion bank.
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