Meeting with Supervisory Cooperation Department, China Banking Regulatory Commission (CBRC)

2011-04-21 | All chapters

On April 21st 2011, Chair and Representatives of Banking & Securities Working Group visited Supervisory Cooperation Department CBRC. Key issues proposed by Chamber included alternative solutions to 3% capital limit for foreign banks such as systematically unimportance recognition and longer adjustment period, wealth management product with derivatives characteristics, etc. Mr. Ding clarified the provisions of new regulations and stance of CBRC prohibiting the highly risky derivatives upon derivatives.