Monday, June 11, 2007

China Banking Regulatory Commission (CBRC)

Formulate supervisory rules and regulations governing the banking institutions;
Authorize the establishment, changes, termination and business scope of the banking institutions;

Conduct on-site examination and off-site surveillance of the banking institutions, and take enforcement actions against rule-breaking behaviors

Conduct fit-and-proper tests on the senior managerial personnel of the banking institutions

Compile and publish statistics and reports of the overall banking industry in accordance with relevant regulations

Provide proposals on the resolution of problem deposit-taking institutions in consultation with relevant regulatory authorities

Responsible for the administration of the supervisory boards of the major State-owned banking institutions; and Other functions delegated by the State Council