A Compliance Risk Regulation Study Of Chinese Commercial Banks' Overseas Institutions After RMB Into The SDR Basket

Economic globalization and neo-liberal economic thought led to the rapid development of the international financial system as a whole,financial innovation and financial reform are happening all of the world.This innovative and reform trend confirms the interactions of things spiraling developing rule,the operating mode,fostered by the market development,determines the shape of regulation.Internationalization of RMB has begun for many years and lead to the development of Chinese banks' foreign institutional.Along with RMB joining the SDR basket,Chinese commercial banks will welcome a new round of Offshore Yuan Business development.But at the same time,subjected to the delayed regulation of commercial banks in China,compliance risk regulation of commercial banks' overseas institutions could not follow the pace of Chinese banks' internationalization and exposed some problems.This article will regard commercial banks' overseas institutions mixed operation risk regulation and money laundering risk regulation as the point cuts and will analysis of existing regulatory problems and to seek to put forward some feasible suggestions.Chapter I talks about compliance risk in commercial banks,compliance risk regulation and Principle of home country supervision,collating the existing overseas institutions regulation laws and regulations of compliance risk and pointing out that lack of regulatory status in summary.Chapter II talks about mixed operation risk regulation of commercial bank's overseas institutions and analysis of regulatory issues;pointing out the fundamental causes of which existing mixed mode can not eliminate the risk of mixed management.Chapter III mainly discuss the regulation of commercial bank's overseas institutions money-laundering risk,noted that the regulation of offshore RMB business anti-money laundering was delayed and regulatory limits potential issues that may be too small and propose solutions.Chapter IV propose some initiatives of overseas institutional compliance risk management of commercial banks in China.Giving proposals to reform from the current regulatory system optimization settings,accelerated transition to a mixed regulation models,strengthening multi-level communication respectively.We Hope that this regulatory reform uses legislative guide financial reform,protects and promotes the process of internationalization of Chinese banks,and form a symbiotic relationship with the RMB internationalization process.