SUBSCRIBERS
China-led AIIB to have compliance unit to oversee management
Published Sun, Jan 17, 2016 · 09:50 PM
Beijing
THE US$100 billion Asian Infrastructure Investment Bank will have a special compliance and integrity unit that will exercise oversight over the management and report directly to the board, according to Jin Liqun, the lender's president.
"There'll be division of power and responsibility between the board and management," Mr Jin said at a press conference on Sunday. "It's important to implement."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Inflation in Japan’s capital falls below BOJ target, slows for second month
Chinese firms are investing abroad at fastest pace in eight years
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall