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This paper presents an assessment of Hungary’s antimoney laundering (AML) and combating the financing of terrorism measures. The Hungarian authorities have made significant progress in strengthening their AML regime. The most important step has been the passage of a revised AML Act of 2003,...
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longer term. The China Insurance Regulatory Commission (CIRC) has been undertaking far-reaching reforms and modernization … the solvency standards into a modern, risk-based approach. The China-Risk Oriented Solvency Standards (C-ROSS) draw on …
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The China Banking Regulatory Commission (CBRC) has maintained its momentum in regulation and supervision in the face of … considerations. The China Banking Regulatory Commission (CBRC) has achieved a high degree of compliance with the Basel Core …
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China's landscape for Financial Market Infrastructures (FMIs) is one of the largest and most complex in the world. It …
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China has made significant progress in financial inclusion. High levels of account penetration, savings, and usage of … bankcard programs. Account penetration in China is quite high, with estimates ranging from over 80 to 90 percent, which …
Persistent link: https://www.econbiz.de/10012645374
This report summarizes the findings of the Financial Sector Assessment Program (FSAP) exercise for China undertaken in … covering a range of topics relevant to China's financial sector. This report points out near-term risks, reform challenges and … development opportunities China confronts as it continues to modernize its financial sector. China faces potential vulnerabilities …
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Insurance companies in China are closely supervised and generally subjected to appropriate regulation. The China … from supervised companies. This assessment of the People's Republic of China's compliance with International Association of … Program (FSAP). The CIRC has principal responsibility over insurance regulation in China and conducts its duties through its …
Persistent link: https://www.econbiz.de/10012248145
Regulation and supervision of China's banking system has made impressive progress in the past few years, led by an … activist, forward-looking regulator China Banking Regulatory Commission (CBRC), with a clear safety and soundness mandate that … Supervision (BCP) in China has been completed as part of a Financial Sector Assessment Program (FSAP) undertaken jointly by the …
Persistent link: https://www.econbiz.de/10012248147