Jul 08, 2016 05:43 PM

Caixin Explains: New Guidelines to Improve Banks' Risk Management

(Beijing) – China's banking regulator published draft guidelines on June 6 that will require all banks to set up risk management systems to mitigate all kinds of risks including threats from toxic loans and fraud.

The China Banking Regulatory Commission said financial institutions should set up systems that cover all businesses and branches to help them better monitor, identify, assess, and control risks.

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