China should accelerate legislation of the Financial Stability Law and improve other legal arrangements designed to prevent and dispose of financial risks, three officials from the People's Bank of China (PBOC) wrote in China Finance, a publication affiliated to the central bank.
Financial authorities should strengthen supervision of financial institutions' date accuracy to prevent risks, the article said, saying if any enlightment should be drawn from the Silican Valley Bank crisis.
China should also let the insurance deposit system play its full role, allowing the mechanism to deal with problematic banks in a swift and orderly manner, so as to effectively prevent systematic risks, said the authors, who are from PBOC's Financial Stability Bureau and the Deposit Insurance Corp.The authors said China should consolidate the capital reserves for dealing with financial risks to ensure that there are sufficient resources to dispose risks in a timely manner.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Financial Literacy Month: How to build best foundation for financial well-beingApril is Financial Literacy Month, and now is a great time to examine your spending habits.
Leer más »
Tone Your Butt in 30 Days With This Stability Ball WorkoutWe’re here to share an expert-approved stability ball workout that will help you tone your butt in 30 days if you stick with it.
Leer más »
Ask Amy: Ex-spouses continue their financial entanglementDear Amy: My ex-husband and I divorced in 2016. We are both in our 70s and retired. We still co-own our beautiful family home.
Leer más »
UK-Based Publication Gal-Dem To Close After Eight Years Due To Financial DifficultiesGal-Dem, the UK-based digital and print magazine for women and non-binary people of color, is set to close after eight years in circulation. The editorial team behind Gal-Dem shared the news Friday…
Leer más »
Fed's Williams says financial conditions key to rate policy outlookFederal Reserve Bank of New York President John Williams said Friday how financial conditions play out will be a key contributor to his thinking about what’s next for central bank interest rate policy.
Leer más »
Social Security, Medicare face financial riskSocial Security is expected to run short of the funds needed to pay 100% of benefits in roughly a decade, a new report showed.
Leer más »