CIRC eyes tougher rules
Print Edition
China will regulate some insurers’ bank deposits to strengthen risk management as interest rates are liberalized, the insurance watchdog said yesterday.
Insurance companies should standardize operations with bank deposits, which amount to about one third of total fundamental insurance assets, said a statement by the China Insurance Regulatory Commission.
The CIRC calls for a custody mechanism for bank deposits, regulating deposit certificate mortgage business and enhancing information disclosure.
Enhanced regulations will aid insurers to handle possible asset-management risks brought by liberal interest rates, which may be realized within one or two years according to the central bank governor’s remarks on Tuesday.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
