McKinsey: The era of strict financial supervision has arrived, and the construction of China's banking industry compliance management capacity is imminent

According to the Securities Times, recently, the latest research report of McKinsey, a world-renowned management consulting firm, believes that the era of strict financial supervision has arrived. For China's commercial banks, compliance management is imperative, from compliance to compliance. Keep up with the times. McKinsey believes that the key trends in the regulation of China's banking industry include the normalization of financial technology. Since 2016, the regulator has launched several special rectifications on Internet financial risks, and has introduced a number of strict restrictions on online lending, third-party payment, virtual currency trading venues and ICO (blockchain project initial issuance of tokens). Regulatory measures. While strengthening Internet financial risk control, regulators are also actively introducing technical tools to improve their work efficiency.