China announces major insurance supervisory overhaul

The China Banking and Insurance Regulatory Commission (CBIRC) has launched a major overhaul of its insurance supervisory system to grant more power to local regulators, according to a report by Chinese news website, Caixin Global. The CBIRC issued guidelines that will renew earlier efforts to decentralise regulation in the banking and insurance industries to improve efficiency, said the news report.…

Please register or login to view the full post