Wednesday, November 20, 2013
Interbank Business Faces Huge Challenges
ANBOUND
Regulators, banks, enterprises as well as the local financing platforms are contributing to the surge of interbank businesses, meanwhile the regulators' wisdom is tested on how to control and manage it. The regulatory department plans to introduce some supervision measures after a long period of investigation and preparation. It is reported that CBRC (China Banking Regulatory Commission) already drafted the Commercial Interbank Financing Regulations and will submit it to the decision-making level for approval by November. The regulations are most likely to be approved in the near future and come into force by February next year.