Recently, the NFRA issued the Jin Gui [2023] No. 12 document - Notice on the issuance of the "Measures for the Country-by-Country Risk Management of Banking Financial Institutions" (hereinafter referred to as the "Measures"), adjusting the relevant management requirements for country-specific risk management from "guidelines" to "measures". With the globalization of the financial market, while promoting global cross-border investment activities, cross-border trade and other financial activities to be more convenient and liberalized, the global financial risk factors are becoming increasingly complex, diversified, concealed and contagious.
2024-01-09