Thursday, September 9, 2010

CBRC warns of systemic risk in banking system “outbreak of systemic bank risk shouldn't be ignored” $CAF

CBRC warns of systemic risk in banking system − Liu Mingkang, director of the China Banking Regulatory Commission,  has warned of the systemic risk posed in the banking system and urged the tightening of risk controls. Liu pointed out that the potential outbreak of systemic bank risk shouldn't be ignored and that liquidity management is also weak in the system. Moreover, Liu urged banks to step up risk controls and improve safety and competitiveness. (Shanghai Securities' News)

 http://www.cbrc.gov.cn

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