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 Public Comments Requested on Measures for the Regulation of China Development Bank
Category:Legislative Updates  
Keywords:CBRC;  CDB;  supervision and administration
Publish Date:10-12-2017
The China Banking Regulatory Commission (CBRC) is requesting public comments on the Measures for the Supervision and Administration of China Development Bank (CDB).
The Measures contain nine chapters: General Provisions, Market Positioning, Corporate Governance, Risk Management, Internal Control, Capital Management, Incentives and Constraints, Supervision and Administration, and Supplemental Provisions, covering the main aspects of the business management and prudential supervision of CDB. The Measures aim to further clarify the functional orientation of CDB and promote its operation in compliance with laws and regulations and development in a prudent and robust manner. In addition, the Measures require the establishment of a capital constraint mechanism, continuous improvement of its corporate governance mechanism, development of a comprehensive risk management system, reinforcement of its internal controls, and optimization of its incentive and restraint mechanisms.
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