Notification of the China Banking Regulatory Commission in the Issuance of the Guidance on Commercial Banks’ Management of Reputational Risk
Regulations for policy banks and recommendations for other financiers established in China.
Offers guidance to encourage effective management of reputational risks.
- Integrate reputational risk management into their corporate governance and risk management systems.
- Prevent reputational risks.
- Charge the boards of directors with the responsibilities of formulating reputational risk management policies, establishing the reputational risk management system, monitoring, and addressing reputational risks.
- Respond to incidents by minimizing public losses and adverse impacts.
China Banking Regulatory Commission (CBRC) and China Insurance Regulatory Commission (CIRC) (now China Banking and Insurance Regulatory Commission (CBIRC))