This week's risk management news includes CBRC's new loan and banking license requirements, FSS' directive to banks to reduce home loans, and BNM's re-appointment of its governor.
April 20, 2011 | The Asian Banker Editor
CBRC to investigate loans, enhance requirements for bank licenses
China Banking Regulatory Commission (CBRC), the country’s financial regulator, will be investigating all the loans given out by banks over the last few years, and will also tighten the issuance of banking licenses to curb risks. Additionally, Chinese banks must conduct proper diligence on their operations and report possible risks to the regulator.
FSS requests banks to reduce home loans
The Financial Supervisory Commission (FSS), Taiwan’s financial regulator, has asked all local banks to submit plans to cut home loans in a bid to reduce the ratio of these loans to below 30%. The regulator aims to reduce property speculation and help cool down the country’s overheated property sector to curb mortgage-related risks.
BNM re-appoints governor
Bank Negara Malaysia (BNM) has re-appointed Tan Sri Dr. Zeti Akhtar Aziz as Governor. Her new, five-year term will commence on May 1st 2011. Dr. Zeti has held the position of governor of Malaysia’s central bank since May 2000.
Re-disseminated by The Asian Banker
...Categories:
Risk And Regulation Working Group
