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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,...
Persistent link: https://www.econbiz.de/10014405211
, Czechoslovakia, and China. Significant efforts have been made, or are under consideration, in all countries to develop a more …
Persistent link: https://www.econbiz.de/10014395861
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 …
Persistent link: https://www.econbiz.de/10012559963
Persistent link: https://www.econbiz.de/10012644898
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 …
Persistent link: https://www.econbiz.de/10012644899
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 …
Persistent link: https://www.econbiz.de/10012644900
China's landscape for Financial Market Infrastructures (FMIs) is one of the largest and most complex in the world. It …
Persistent link: https://www.econbiz.de/10012645373
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
2010 as part of the financial sector assessment program (FSAP) of China. The assessment was prepared on the basis of a self …-assessment prepared by the China Securities Regulatory Commission (CSRC), public information contained on the CSRC website and the … websites of other entities in China, and a review of relevant Chinese laws and regulations. The timely completion of this …
Persistent link: https://www.econbiz.de/10012248143
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