The “Guideline on Financial Information Disclosure” was promulgated to enhance the requirement for banks to disclose information. In response to the implementation of the Pataca Real Time Gross Settlement System, the “Rules for Cash in Hand and Minimum Solvency” was amended. In the supervision of the insurance industry, inspections were carried out according to annual plan.
The benefits of the proposed new framework are clear, especially for the high debt economies of Europe where, in the current economic environment, where financial market fragmentation remains a substantial risk.