Related News
Supervision shifts to systematic risks
By Zhang Fengming |
July 18, 2009, Saturday
|
Print Edition
Print Edition
SHANGHAI'S banking regulator will focus its supervision on avoiding systematic risks rather than concentrating on specific banks, the head of the regulator said yesterday.
"We will avoid systematic risks and watch both the credit and fee-based income of banks," said Yan Qingmin, head of the Shanghai Bureau of the China Banking Regulatory Commission.
Chinese banks are expanding their fee-based income from traditional services. This means the regulator will have to shift part of its regulatory work to monitor the banks' fee-based business, said Yan during the PCEC Shanghai Institute of International Finance forum.
The regulator will encourage banks to offer simplified products and to avoid obscure but hot-selling products, like those offered by banks in the United States, which sparked the financial crisis. The crisis was also made worse by cross-selling among financial institutions, but it gave the Chinese regulator valuable lessons, Yan said.
"We will avoid systematic risks and watch both the credit and fee-based income of banks," said Yan Qingmin, head of the Shanghai Bureau of the China Banking Regulatory Commission.
Chinese banks are expanding their fee-based income from traditional services. This means the regulator will have to shift part of its regulatory work to monitor the banks' fee-based business, said Yan during the PCEC Shanghai Institute of International Finance forum.
The regulator will encourage banks to offer simplified products and to avoid obscure but hot-selling products, like those offered by banks in the United States, which sparked the financial crisis. The crisis was also made worse by cross-selling among financial institutions, but it gave the Chinese regulator valuable lessons, Yan said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
