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.

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