Cyber Security and the Impact on Banks in China: Regulatory Policy Development and Updates

Cyber Security and the Impact on Banks in China

The China Banking Regulatory Commission (CBRC) issued two circulars (Circulars No. 39 and No. 317) in 2014 regarding the use of ‘secure and controllable IT’, which require banks to strengthen their stance on cyber security. The issuance of these circulars will likely result in significant changes in the composition of technologies for banks in China.


Related content

night scene

Under the guidance of various policies and supervision, relevant stakeholders, including financial institutions, technology firms, research institutes, industry alliances and technology service firms, will need to amend their business strategy in order to cope with the new requirements.

Connect with us

KPMG's new digital platform

KPMG International has created a state of the art digital platform that enhances your experience, optimized to discover new and related content.