Tag Archives: CBRC

CYBERSECURITY REQUIREMENTS SUSPENDED
Mar. to Jun. 2015 China Bulletin

The CBRC and Ministry of Industry and Information Technology (MIIT) have suspended the Guidelines on Secure and Controllable Information Technology that the Banking Industry Should Use (2014-15) (Guidelines) until further notice in order to consider feedback from lenders.   Foreign-owned financial institutions, foreign technology trade groups and others had protested that the Guidelines would have excluded foreign suppliers from the Chinese market; Continue reading

CYBERSECURITY IN THE BANKING INDUSTRY
Dec. 2014 to Feb. 2015 China Bulletin

A Separate Chinese Market:

The China Banking and Regulatory Commission (CBRC) issued the Guidelines on Secure and Controllable Information Technology that the Banking Industry Should Use (2014-15) (Guidelines). The Guidelines have raised substantial concern among both foreign-owned financial institutions and foreign software and hardware suppliers to financial institutions in China. Continue reading