The China Banking and Insurance Regulatory Commission (CBIRC) has published a draft suggesting that the wealth management subsidiaries of commercial banks adhere to a net capital threshold and other requirements in order to prevent over-expansion and unfair competition. The ‘Measures for net capital management of commercial bank wealth management subsidiaries’ (Measures) was released on Friday and the regulator is now seeking…
Chinese regulator suggests net capital requirement for WM subsidiaries
Have a confidential tip? Get in touch [email protected]