China Travel & Tourism News
|
 |
Bank Risk Management Regulation Released
|
| 8-Jan-2005 - China Radio International |
China's banking authorities have issued two new risk management and internal control regulations for commercial banks in order to urge them to operate more efficiently and securely.
The regulation, effective from February 1st this year, builds up a new framework to assess the efficiency of the internal control scheme of commercial banks with updated standards and models that comply with international conventions.
They are based on the Framework for Internal Control Systems in Banking Organization designed by the Basel Committee.
The China Banking Regulatory Commission will conduct thorough checks on all business activities, management and systems supporting domestic banks, including their headquarters and local branches, and perform assessments according to the new model.
Regulators will deal with the problems discovered in internal banking control systems by methods like suspending certain businesses and even dismissing irresponsible executives.
The banking authority hopes domestic commercial banks meet the new requirements in the next three to four years.
|
| 8-Jan-2005 - China Radio International |
Main Cities in China Travel and China Hotels
 Beijing Canton
Shanghai Hong
Kong Qingdao Hangzhou |
Other Major Cities:
Changchun,
Chengdu,
Chongqing,
Dalian,
Dongguan,
Dunhuang,
Foshan,
Guangzhou,
Guilin,
Haikou,
Harbin,
Hainan,
Hangzhou,
Kunming,
Lhasa,
Macau,
Nanjing,
Qingdao,
Sanya,
Shenyang,
Suzhou
Shanghai,
Shenzhen,
Tianjin,
Weihai,
Wenzhou,
Xiamen,
Xi'an,
Yiwu
|
Major China Hotels:
Beijing Hotels,
Chengdu Hotels,
Chongqing Hotels,
Dalian Hotels,
Foshan Hotels,
GuangZhou Hotels,
Guilin Hotels,
Hangzhou Hotels,
Harbin Hotels,
HongKong Hotels,
Kunming Hotels,
Macau Hotels,
Nanjing Hotels,
Qingdao Hotels,
Sanya Hotels,
Shanghai Hotels,
Shenyang Hotels,
Suzhou Hotels,
Tianjin Hotels,
Urumqi Hotels,
Wenzhou Hotels,
Xiamen Hotels,
Xian Hotels |
|
|
|
