Jan. 12, 2007 (China Knowledge) – The China Banking Regulatory Commission (CBRC) is urging commercial banks to make further efforts to strengthen market risk management.

Filing a notice Thursday, the CBRC said that although commercial banks have considerably improved their risk management skills, thele is still room for improvement.

The CBRC requires all commercial banks to take measures like appointing special executives, as well as staff independent departments with experienced professionals to manage market risks before April 30.