Jun 27, 2022 06:55 AM (GMT+8) · EqualOcean
According to an article published in the economic daily, recently, some banks have been punished by regulators for covering up non-performing assets. Asset quality is the lifeline. Next, the regulatory authorities and banks should work together to learn from the small, grasp the early and grasp the small, and strive to walk in front of the financial risk curve. On the one hand, the regulatory authorities should dare to "lift the lid" and not rely too much on the "water injection" materials submitted by the bank. Instead, they should dig deep into the data, make frequent comparisons, identify risks in advance and correct problems in time. On the other hand, each bank should strictly implement the regulatory requirements. The key is to strengthen internal management, improve governance mechanism, avoid lax implementation of various business systems and become a mere formality, and secure the cage of risk prevention and control from the root.

This text is a result of machine translation.