Lessons in lending
Lending losses in China highlight the need to improve credit, fraud and money-laundering risk management, which are receiving increasing attention from regulators, says Rohan Bedi
While banks and regulators in China are making moves to fight corruption and fraud in the country's financial markets, it is a slow and difficult process. Some changes have been made - the bankruptcy law passed in August is one example - but the widespread nature of the problem means improvements will not happen overnight.
China is the world's second largest bad loan market after Japan - in 2005
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