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State-owned financial institutions fall into three main groups: commercial banks, hybrid banks, and development institutions. The larger state-owned commercial banks/ groups include Sberbank, the VTB Bank group, and Gazprombank. Like private commercial banks, these institutions do not have a...
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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