The expansion of the policy is aimed at ensuring that financial institutions do not need to be bailed out with taxpayers’ funds. Photo: Bloomberg The expansion of the policy is aimed at ensuring that financial institutions do not need to be bailed out with taxpayers’ funds. Photo: Bloomberg
The expansion of the policy is aimed at ensuring that financial institutions do not need to be bailed out with taxpayers’ funds. Photo: Bloomberg

China gets tough on financial sector risk management, extends contingency planning to more institutions

  • Contingency planning has been a requirement for China’s biggest financial institutions for a decade now
  • Recovery, contingency planning conducive to shoring up risk awareness and crisis management capacity, CBIRC says

Topic |   Agricultural Bank of China
The expansion of the policy is aimed at ensuring that financial institutions do not need to be bailed out with taxpayers’ funds. Photo: Bloomberg The expansion of the policy is aimed at ensuring that financial institutions do not need to be bailed out with taxpayers’ funds. Photo: Bloomberg
The expansion of the policy is aimed at ensuring that financial institutions do not need to be bailed out with taxpayers’ funds. Photo: Bloomberg
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