China revamps risk exposure rules for commercial banks
China’s financial regulators plan to introduce a “differentiated” risk management regime for commercial banks of different sizes.
The China Banking and Insurance Regulatory Commission (CBIRC) and the People’s Bank of China (PBoC) on February 18 jointly released the draft amendments to the existing rules, which came into effect in 2013.
With changes in the economic situation and commercial banks’ business models in recent years, there is a need to adjust rules, the regulators said. The changes
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