Featured Product

    CBIRC Issues Workplan, Measures to Evaluate Senior Executives of Banks

    May 31, 2021

    CBIRC published measures and questions and answers (Q&A) on measures for evaluation of directors and supervisors of banking and insurance institutions, with these measures coming into effect on July 01, 2021. CBIRC also published the regulatory and legislative workplan for 2021, wherein the regulator plans to formulate or revise 19 rules and regulations.

    According to the workplan for 2021, CBIRC intends to either formulate or revise the following rules and regulations:

    • Interim measures for the administration of fixed assets loans, interim measures for the administration of working capital loans, and interim measures for the administration of personal loans (revision)
    • Administrative measures for the custody business of commercial banks
    • Administrative measures for internal control of wealth management companies
    • Interim provisions on the management of insurance asset management companies (revision)
    • Insurance sales management measures
    • Administrative measures for banking and insurance supervision statistics
    • Administrative measures for consumer suitability of banking and insurance institutions
    • Regulations on the regulatory responsibilities of dispatched institutions of CBIRC
    • Decision of CBIRC on amending some administrative licensing rules (revision)
    • Implementation measures for administrative licensing matters of policy financial institutions
    • Measures for the capital management of financial asset investment companies (for trial implementation)
    • Interim measures for the administration of online small loan companies
    • Measures for the supervision and administration of small loan companies
    • Interim measures for the supervision and administration of local asset management companies
    • Measures for the supervision and management of pawn shops
    • Administrative measures for enterprise group finance companies
    • Administrative measures for auto finance companies (revision)
    • Administrative measures for the protection of consumer rights and interests of banking and insurance institutions
    • Commercial bank service price management measures (revision)

     

    Related Links

    Effective Date: July 01, 2021

    Keywords: Asia Pacific, China, Banking, Insurance, Q&A, Governance, Workplan, Strategic Priorities, CBIRC

    Related Articles
    News

    EBA Proposes Standards for IRRBB Reporting Under Basel Framework

    The European Banking Authority (EBA) proposed implementing technical standards on the interest rate risk in the banking book (IRRBB) reporting requirements, with the comment period ending on May 02, 2023.

    January 31, 2023 WebPage Regulatory News
    News

    FED Issues Further Details on Pilot Climate Scenario Analysis Exercise

    The U.S. Federal Reserve Board (FED) set out details of the pilot climate scenario analysis exercise to be conducted among the six largest U.S. bank holding companies.

    January 17, 2023 WebPage Regulatory News
    News

    US Agencies Issue Several Regulatory and Reporting Updates

    The Board of Governors of the Federal Reserve System (FED) adopted the final rule on Adjustable Interest Rate (LIBOR) Act.

    January 04, 2023 WebPage Regulatory News
    News

    ECB Issues Multiple Reports and Regulatory Updates for Banks

    The European Central Bank (ECB) published an updated list of supervised entities, a report on the supervision of less significant institutions (LSIs), a statement on macro-prudential policy.

    January 01, 2023 WebPage Regulatory News
    News

    HKMA Keeps List of D-SIBs Unchanged, Makes Other Announcements

    The Hong Kong Monetary Authority (HKMA) published a circular on the prudential treatment of crypto-asset exposures, an update on the status of transition to new interest rate benchmarks.

    December 30, 2022 WebPage Regulatory News
    News

    EU Issues FAQs on Taxonomy Regulation, Rules Under CRD, FICOD and SFDR

    The European Commission (EC) adopted the standards addressing supervisory reporting of risk concentrations and intra-group transactions, benchmarking of internal approaches, and authorization of credit institutions.

    December 29, 2022 WebPage Regulatory News
    News

    CBIRC Revises Measures on Corporate Governance Supervision

    The China Banking and Insurance Regulatory Commission (CBIRC) issued rules to manage the risk of off-balance sheet business of commercial banks and rules on corporate governance of financial institutions.

    December 29, 2022 WebPage Regulatory News
    News

    HKMA Publications Address Sustainability Issues in Financial Sector

    The Hong Kong Monetary Authority (HKMA) made announcements to address sustainability issues in the financial sector.

    December 23, 2022 WebPage Regulatory News
    News

    EBA Updates Address Basel and NPL Requirements for Banks

    The European Banking Authority (EBA) published regulatory standards on identification of a group of connected clients (GCC) as well as updated the lists of identified financial conglomerates.

    December 22, 2022 WebPage Regulatory News
    News

    ESMA Publishes 2022 ESEF XBRL Taxonomy and Conformance Suite

    The General Board of the European Systemic Risk Board (ESRB), at its December meeting, issued an updated risk assessment via the quarterly risk dashboard and held discussions on key policy priorities to address the systemic risks in the European Union.

    December 22, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8699