Legislation roundup: Banks' capital, insurance investment and securities companies

October 12, 2020 | BY

Susan Mok

CBIRC specifies requirements of the countercyclical capital buffer mechanism and removes the record filing requirement regarding the investment management capabilities of insurance companies. Securities companies are required to internally monitor insider information management.

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Banking

People's Bank of China and China Banking and Insurance Regulatory Commission, Circular on the Establishment of a Countercyclical Capital Buffer Mechanism

中国人民银行、中国银行保险监督管理委员会关于建立逆周期资本缓冲机制的通知

With reference to international practice and relevant requirements