China’s banking watchdog seeks to enhance risk management of country’s financial sector

In this blog, we curate relevant and remarkable content related to digital banking, fintech and high-performance banking leaders. This informative piece by Channel News Asia reports that China’s sizable banks and insurers are told to prepare recovery plans to deal with potential risks. Read on.

“BEIJING: China’s banking and insurance watchdog issued rules on Wednesday requiring sizable banks, insurers and financial leasing firms to prepare recovery plans for the unlikely event that they run into financial trouble, as the regulator seeks to enhance risk management of country’s financial sector.”

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