CBRC Issues Measures for Supervision of Three Policy Banks
CBRC issued measures for the supervision and administration of China Development Bank, Export-Import Bank of China, and Agricultural Development Bank of China. These measures require the development banks to follow the general rules of bank operation. They also highlight the comprehensiveness and cover the operation management and prudential supervision of development banks In all aspects. These regulatory rules will take effect from January 01, 2018.
These measures aim to strengthen the supervision and administration of development banks in China. The introduction of a special regulatory regime will play an important role in promoting the safe and sound development of Chinese banking sector, serving the national strategy and supporting the sound development of economy and society. The main contents of the measures include 66 articles in nine chapters, including general provisions, market positioning, corporate governance, risk management, internal control, capital management, incentives, supervision and management, and supplementary provisions. The China Development Bank shall establish a risk assessment system, which shall exercise due diligence on credit risk, market risk, liquidity risk, operational risk, country risk, bank account interest rate risk, reputation risk, strategic risk, information technology risk, and environmental and social risk.
Related Links (in Chinese)
- Press Release
- Measures for China Development Bank
- Measures for Export-Import Bank of China
- Agricultural Development Bank of China
Keywords: Asia Pacific, China, Development Bank, Prudential Supervision, CBRC
Related Articles
SEC Finalizes Climate-Related Disclosures Rule
The U.S. Securities and Exchange Commission (SEC) has finalized the long-awaited rule that mandates climate-related disclosures for domestic and foreign publicly listed companies in the U.S.
US Regulators Release Stress Test Scenarios for Banks
The U.S. regulators recently released baseline and severely adverse scenarios, along with other details, for stress testing the banks in 2024. The relevant U.S. banking regulators are the Federal Reserve Bank (FED), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC).
Asian Governments Aim for Interoperability in AI Governance Frameworks
The regulatory landscape for artificial intelligence (AI), including the generative kind, is evolving rapidly, with governments and regulators aiming to address the challenges and opportunities presented by this transformative technology.
EBA Proposes Operational Risk Standards Under Final Basel III Package
The European Union (EU) has been working on the final elements of Basel III standards, with endorsement of the Banking Package and the publication of the European Banking Authority (EBA) roadmap on Basel III implementation in December 2023.
EFRAG Proposes XBRL Taxonomy and Standard for Listed SMEs Under ESRS
The European Financial Reporting Advisory Group (EFRAG), which plays a crucial role in shaping corporate reporting standards in European Union (EU), is seeking comments, until May 21, 2024, on the Exposure Draft ESRS for listed SMEs.
ECB to Expand Climate Change Work in 2024-2025
Banking regulators worldwide are increasingly focusing on addressing, monitoring, and supervising the institutions' exposure to climate and environmental risks.
BIS Bulletin Examines Cognitive Limits of Large Language Models
The use cases of generative AI in the banking sector are evolving fast, with many institutions adopting the technology to enhance customer service and operational efficiency.
ECB is Conducting First Cyber Risk Stress Test for Banks
As part of the increasing regulatory focus on operational resilience, cyber risk stress testing is also becoming a crucial aspect of ensuring bank resilience in the face of cyber threats.
EBA Continues Momentum Toward Strengthening Prudential Rules for Banks
A few years down the road from the last global financial crisis, regulators are still issuing rules and monitoring banks to ensure that they comply with the regulations.
EU and UK Agencies Issue Updates on Final Basel III Rules
The European Commission (EC) recently issued an update informing that the European Council and the Parliament have endorsed the Banking Package implementing the final elements of Basel III standards