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Wolters Kluwer Financial Services to Demystify Chinas Deposit Insurance Scheme

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 31, 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 1, 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 14. 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.

To register your interest in the Webinar, and learn more about the topics up for discussion, please fill out this registration form.                                                          

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides customers worldwide with risk management, compliance, finance and audit solutions that help them successfully navigate regulatory complexity, optimize risk and financial performance, and manage data to support critical decisions. With more than 30 offices in 20 countries, our prominent  brands include:  AppOne®, AuthenticWeb™, Bankers Systems®, Capital Changes, CASH Suite™, GainsKeeper®, NILS®, OneSumX®, TeamMate®, Uniform Forms™, VMP® Mortgage Solutions and Wiz®. Wolters Kluwer Financial Services is part of  Wolters Kluwer, which had 2014 annual revenues of €3.7 billion ($4.9 billion), employs 19,000 employees worldwide, and maintains operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.