Webinar and commentary to reveal specialist insights
Wolters Kluwer Financial Services will this week share its insights into the impact of China’s Deposit Insurance scheme with a dedicated webinar and the publication of a commentary demystifying the regulatory changes.
On March 31st 2015, China’s State Council released the long-awaited regulations which aim to protect depositors’ legal rights, ultimately helping to promote financial stability. The scheme came into effect on May 1st 2015, with a maximum payout amount per depositor per institution of RMB 500,000, including principal and interest.
To help educate its clients and the wider market on the scheme Wolters Kluwer Financial Services has today released a Commentary, explaining the regulations and examining the impact.
The company is also hosting a webinar on the subject on May 14th. Lisa Yu, banking regulatory intelligence expert at Wolters Kluwer Financial Services and author of the commentary, will analyze the Deposit Insurance regulation, explaining its main content, its subsequent impact and countermeasures by the banking industry. She will also look at pending rules and take a comparative view with other deposit insurance systems.
In her role at Wolters Kluwer Financial Services, Yu helps improve regulatory reporting and risk management for banks operating in China. She was formerly group reporting officer at Société Generale (China) Ltd, and started her career as an auditor for PwC.