Guangfa Banks response to former executives being punished: improving compliance system

category:Finance
 Guangfa Banks response to former executives being punished: improving compliance system


In response, the Guangfa Bank said on the evening of December 12 that the recent announcement by the Banking and Insurance Regulatory Commission of the punishment of Dong Jianyue, the former chairman of the Guangfa Bank, and Li Mingxian, the former president, was a follow-up administrative punishment imposed by the regulator on Guangfa Banks risk incidents two years ago.

In recent years, Guangzhou Development Bank has taken a series of measures to improve the compliance system, improve the rules and regulations, strengthen staff management, carry out compliance education, strengthen risk investigation, and ensure the sound operation of compliance.