On-site Inspection Measures of CBIRC-Trials drafted

On September 19, the China Banking Insurance Regulatory Commission-CBIRC published drafted On-site inspection measures-trails and called for comments. There are eight chapters and sixty-seven articles in the Measures. The main chapters include general rules, division of duties, project management, inspection process, inspection methods, inspection treatment, assessment and supplementary rules. At the same time, it is clear that no on-site inspection shall be carried out without the approval procedure for project establishment. The Banking Insurance Regulatory Commission and its local offices shall establish projects at different levels. The banking and insurance institutions referred to in the Measures include: Policy banks andRead More →

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