People’s Republic of China: Financial Sector Assessment Program- Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision

December 26, 2017

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Format: Chicago

People’s Republic of China: Financial Sector Assessment Program- Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Summary

This paper presents an assessment of the level of observance of the Basel Core Principles for Effective Banking Supervision (BCPs) in China. The China Banking Regulatory Commission (CBRC) has maintained its momentum in regulation and supervision in the face of exceptional growth in scale and increasing complexity of the banking system. The CBRC has also achieved a high degree of compliance with the BCPs. However, several dimensions of credit risk, including treatment of problem assets, concentration risk and related party exposures have aspects in which they lag international best practices and standards. Failure to resolve these issues may hamper the CBRC in its task of assessing the nature and scale of credit risk in the system and within individual institutions.

Subject: Bank legislation, Bank supervision, Banking, Commercial banks, Financial institutions, Financial regulation and supervision, Market risk, Operational risk, Stress testing

Keywords: Bank legislation, Bank supervision, Banking group, Commercial banks, CR, Global, Internal audit, ISCR, Market risk, Operational risk, Risk appetite, Risk management, Risk profile, Senior management

Publication Details

Pages:

270
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/403
Stock No:

1CHNEA2017006
ISBN:

9781484335222
ISSN:

1934-7685

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