China Banking Regulatory Commission, Circular on Further Strengthening Market Risk Management of Commercial Banks

中国银行业监督管理委员会关于进一步加强商业银行市场风险管理工作的通知

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Commercial banks asked to pay attention to market risk management.

Issued: December 16 2006

Main Contents: All banks shall assign a senior management personnel member from the senior management of the head office to be responsible for market risk management work for the whole bank (Article 2). Market risk management of domestic and foreign branches and sub-branches shall be centralized (Article 3). Departments engaging in market risk management and business operation departments that assume risks shall report their work to different senior management personnel members (Article 4).

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