FDIC inks MoU with China on bank resolution

china-flag-web

The Federal Deposit Insurance Corporation (FDIC) and the People's Bank of China (PBoC) have signed a memorandum of understanding (MoU) aimed at strengthening co-operative efforts to resolve failing cross-border banks and ensure the safety of depositors' money.

The document, which was signed by FDIC chairman Martin Gruenberg and PBoC governor Zhou Xiaochuan in Beijing yesterday, will also expand collaboration on planning for recovery and resolution scenarios, including simulations and contingency

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: