Featured Product

    CBIRC and PBC Publish Report on Inclusive Financial Development

    September 29, 2019

    CBIRC and PBC published the "2019 China Inclusive Financial Development Report." The report covers nine aspects of inclusive financial system mechanism, including product services, capital market financing, credit information system, guarantee credit system, differential supervision, and laws and regulations.

    The key topics covered in the report include the following:

    • Guide financial institutions to deepen the reform of the inclusive financial system
    • Guide various organizations to use modern information technology to improve service quality and efficiency and to create exclusive product services for the characteristics and needs of inclusive financial services
    • Guide insurance companies to develop inclusive insurance products for special groups
    • Promote development of capital market financing instruments such as the common stock and preferred stocks, regional equity markets, innovative start-up corporate bonds, and agricultural futures options
    • Strengthen the construction of credit information systems and sharing platforms to alleviate financing difficulties caused by lack of information
    • Optimize the credit guarantee system and mechanism to promote effective risk-sharing and focus on financing and establishment of a national guarantee fund to promote effective lending
    • Formulate relevant legal systems such as “two rights” mortgages, speed up the shortcomings of local financial supervision systems, study and revise the supervision system of Internet insurance business, and provide legal protection for related work
    • Increase the protection of financial consumer rights and enhance consumer financial literacy by strengthening information disclosure and market transparency, promoting financial consumer disputes resolution using a third-party non-litigation settlement mechanism, and carrying out special inspection and governance of financial consumer rights protection

     

    Related Links (in Chinese)

    Keywords: Asia Pacific, China, Banking, Insurance, Inclusive Financial Development, Regulation and Supervision, Credit Risk, PBC, CBIRC

    Related Articles
    News

    EBA Analyzes Impact of Unwind Mechanism of Liquidity Coverage Ratio

    EBA published a report analyzing the impact of the unwind mechanism of the liquidity coverage ratio (LCR) for a sample of European banks over a three-year period, from the end of 2016 to the first quarter of 2020.

    November 19, 2020 WebPage Regulatory News
    News

    ECB Outlines Views on Possible Changes to AnaCredit Rule and TLTROs

    In response to questions from a member of the European Parliament, the ECB President Christine Lagarde issued a letter clarifying the possibility of amending the AnaCredit Regulation and making targeted longer-term refinancing operations (TLTROs) dependent on the climate-related impact of bank loans.

    November 19, 2020 WebPage Regulatory News
    News

    IASB Begins First Phase of Post-Implementation Review of IFRS 9

    IASB started the post-implementation review of the classification and measurement requirements in IFRS 9 on financial instruments and added the review as a project to its work plan.

    November 18, 2020 WebPage Regulatory News
    News

    FSB Report Examines Progress in Resolvability of Systemic Institutions

    FSB published a report that examines progress in implementing policy measures to enhance the resolvability of systemically important financial institutions.

    November 18, 2020 WebPage Regulatory News
    News

    EBA Benchmarks National Insolvency Frameworks Across EU

    EBA published a report on the benchmarking of national loan enforcement frameworks across 27 EU member states, in response to the call for advice from EC.

    November 18, 2020 WebPage Regulatory News
    News

    FSB Reports Assess Impact of Pandemic on Financial Stability

    FSB published a letter from its Chair Randal K. Quarles, along with two reports exploring various aspects of the market turmoil resulting from the COVID-19 event.

    November 17, 2020 WebPage Regulatory News
    News

    RBNZ Consults on Implementation of Capital Review Changes

    RBNZ launched a consultation on the details for implementing the final Capital Review decisions announced in December 2019.

    November 17, 2020 WebPage Regulatory News
    News

    IASB Announces Andreas Barckow as the New Chair from July 2021

    The Trustees of the IFRS Foundation, which are responsible for the governance and oversight of IASB, have announced the appointment of Dr. Andreas Barckow as the IASB Chair, effective July 2021.

    November 17, 2020 WebPage Regulatory News
    News

    HKMA Consults on Capital Rules for Bank Equity Investments in Funds

    HKMA issued a letter to consult the banking industry on a full set of proposed draft amendments to the Banking (Capital) Rules for implementing the Basel standard on capital requirements for banks’ equity investments in funds in Hong Kong.

    November 17, 2020 WebPage Regulatory News
    News

    ESRB Supports Extension of Macro-Prudential Measure by Swedish FSA

    ESRB published an opinion assessing the decision of Swedish Financial Supervisory Authority (FSA) to extend the application period of a stricter measure for residential mortgage lending, in accordance with Article 458 of the Capital Requirements Regulation (CRR).

    November 17, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 6153