Date
17 October 2017

Risk rules tighten for brokerages, paper says

New risk control rules for brokerages will come into effect on March 1, the Shanghai Securities News reported Tuesday, citing the Securities Association of China. Under the new rules, each brokerage must appoint a chief risk officer and perform a stress test at least once every six months to ensure its liquidity coverage ratio, or assets to liquidity needs for the next 30 days, is at least 100 percent. The professional association will conduct on-site checks but brokerages are asked to take action themselves, the report said.

 

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