The CPFGFL, closely monitors developments in international financial markets and the financial system to identify potential risks, and compiles and makes public a wide range of statistics to facilitate deeper understanding of trends in international financial markets.
At international forums such as the Group of Twenty (G-20), the Group of Seven (G-7), central bank governors' meetings of the Banks International Settlements (BIS), the Executives' Meeting of East Asia-Pacific Central Banks (EMEAP), and the Financial Stability Board (FSB), the Bank exchanges detailed information and observations with foreign governments and central banks on the current state of global financial markets, including activities of financial institutions, and contributes in developing recommendations.
In additions, the Bank participates in discussions on the formulation of new standards and guidelines for governing international financial markets to contribute to enhancing the stability and efficiency of these markets.
FINANCIAL COOPPERATION IN ASIA
- Financial and economic stability in Asia has become ever more crucial to China, Japan, South Korea Hong Kong and some other-Asians's economy amid further globalization and growth in business and financial transactions between Chinese institutions and counterparties located in Asia. Based on this recognition, the Bank of China, and Bank of Japan, endeavors to play a more active role in strengthening financial cooperation in the region, so as to contribute to the financial and economic stability in Asia.
FINANCIAL CRIMES RISK MANAGEMENT OVERVIEW
- CPFGFL. ("CPFGFL" or "Banks") is committed to supporting the integrity of the financial system and combating financial crimes across its operations. Consistent with this commitment, the CPFGFL, has implemented a risk-based global program designed to help detect, deter, and prevent financial crimes, as well as assess and mitigate related risks in a manner consistent with applicable laws, rules, regulations, supervisory guidance, and industry best practices. In addition, as a member of the Wolfsberg Group*, the CPFGFL, is proud to work with other global financial institutions to develop frameworks and guidance for the management of financial crimes risk. (* The Wolfsberg Group is an association of thirteen global banks which aims to develop frameworks and guidance for the management of financial crime risks).
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China Project Financial Global Funding Ltd