CHINA REGULATOR ASKS BANKS TO MONITOR RISKY LOANS

Posted by Joachim Bartels | Dec 21, 2010 | China, Regulatory News | 0 |

In a guideline jointly released by the China Banking Regulatory Commission (CBRC) and Ministry of Finance, Chinese banks have been urged to enhance the capabilities to identify and tackle risks, closely monitor borrowers’ financial conditions and carefully assess risks when extending loans for mergers and acquisitions. In another guideline, CBRC also required commercial banks to set up a sound mechanism to identify, supervise and control potential information technology risks and safeguard customer data security. Source: The Asian Banker

BIIA Newsletter June 2009 Issue

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.