China is restricting financial regulators from taking jobs at banks and financial institutions after leaving their posts, the Business Vancouver reported.
According to China Banking Regulatory Commission (CBRC), officials working in regulatory positions are banned from taking jobs at financial firms within three years after they resign from their posts.
The report said that the move came as Chinese regulators tightened the regulation following several scandals that rocked the Chinese financial market.
Although the rule is not new, regulators said it was done to “stress and specify” to officials that they cannot take advantage of their positions.
The full original article can be found at en.yibada.com
May 02, 2017 at 12:31PM
from Ysa Deveza
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