China central bank urges banks to step up controls

CHINA - The People's Bank of China (PBOC), the country's central bank, on Wednesday issued guidelines on commercial banks' internal control, in a bid to urge the banks to improve their control system, minimize financial risks and ensure the safety of the banking system.

A spokesman for the PBOC said internal control is a dynamic process and mechanism for commercial banks to minimize risks through a series of systems, procedures and measures, so as to realize their management targets.


To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: