Legislation roundup: Banking due diligence and liability quality, and carbon trading

CBIRC expands the scope of due diligence on banking customers, commercial banks should strengthen their liability quality management in six aspects and allocation of carbon emission allowances will be conducted for free at the initial stage.

3 minute read April 01, 2021 at 04:33 AM

Susan Mok

Banking

People's Bank of China, China Banking and Insurance Regulatory Commission and China Securities Regulatory Commission, Measures for the Administration of Customer Due Diligence and the Keeping of Customer Identity Information and Transaction Records by Financial Institutions (Draft Revisions for Comments)

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