FDIC inks MoU with China on bank resolution


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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

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 individual account