CBIRC releases rules to strengthen oversight of corporate group finance companies

Corporate groups are large, complex organizations. The opacity of both their ownership structures and internal oversight procedures has made their finance companies prime breeding grounds for corruption and risky practices, including irregular lending outside of the group. These rules are lengthy, comprehensive, and specific – the CBIRC means business with this document, which seeks to standardize, improve transparency, and improve regulation of internal financial services within large organizations.

This is premium content. Subscribe for access, or login below.