Date
19 October 2017

CBRC eyes higher provisions for interbank business, Caixin says

The China Banking Regulatory Commission will require lenders to increase their interbank risk provisions to curb fraud in credit reporting, news website caixin.com said Tuesday, citing an unnamed person close to the regulator. Details of the new policy are expected to be announced after the Communist Party plenum scheduled for Nov. 9 to 12, the report said.

– Contact HKEJ [email protected]

TL/AC/RA

 

EJI Weekly Newsletter

Please click here to unsubscribe