China Banking Regulatory Commission

The China Banking Regulatory Commission ( CBRC ) (Chinese中国 银行业 监督 管理 委员会/中国 银行业 监督 管理 委员会, pinyin Zhōngguó yínháng yè Jiandu guǎnlǐ wěiyuánhuì ) is the supervisory authority of the People's Republic of China.

General

The CBRC was established on 28 April 2003 to regulate the banking sector in China, only Hong Kong, Macao and Taiwan. It is an institution that reports directly to the State Council of the People's Republic of China, and is in the financial district of Beijing resident. The current chairman is Shang Fulin. His deputies are Esheng Cai, Zhou Mubin, Guo and Wang Zhaoxing leagues.

Main tasks

The main responsibilities of the CBRC include the development of regulations for the banking sector; authorize the creation and termination of banks and the supervision of compliance with the elaborate rules and the penalties for infringement. In addition, the top management of banks is tested to ensure a minimum standard of competence; Compiled statistics on the banking sector and published, and to manage the daily operations of the supervisory boards of state-owned banks. In times of crisis, the CBRC take over and manage distress in failing banks, or even exclude them from the market.

Supervisory functions

The CBRC has sufficient supervision of the banking sector and its banks carry out in order to assess risks. You should encourage them to introduce banks an internal control process, which reveals problems quickly. The China Banking Regulatory Commission sees itself as an organization that is committed to ensuring transparency by international standards. The goal of their work to the protection and training of investors have the confidence of the market to be kept stable and financial crimes to be prevented. In addition, the bench China should be brought closer to international conditions and standards, financial innovations are introduced and the competition increased in the market.

Structure

The CBRC is divided into a plurality of compartments. Their tasks can be simplified in the following list put together. In this case, each area is assigned to a department.

  • Secretariat
  • Staff
  • Compliance
  • Accounting
  • International Relations
  • Statistics
  • Illegal donations
  • Bank innovation
  • Non-banks
  • Banking Supervision ( 4 departments )
  • Regulations
  • Supervisory Board
  • Finances
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