What Is Bank Insolvency?

If a bank goes bankrupt, will the depositor's deposit be lost? With the marketization of banks, the people's money is guaranteed by whom.

Bankruptcy

Right!

If a bank goes bankrupt, will the depositor's deposit be lost? With the marketization of banks, the people's money is guaranteed by whom.

Introduction

Banks went bankrupt. Yan Qingmin, vice chairman of the China Banking Regulatory Commission, said at the "Beijing University Economic and Wealth Forum" that the Banking Regulatory Commission is preparing to accelerate the introduction of bankruptcy regulations.

Bankruptcy

In the past, it was almost unimaginable to talk about "bankruptcy" against domestic commercial banks. Even after the global financial crisis in 2008, bankruptcy seemed to be a difficult problem for European and American countries.

But recently, such a term has become a hot topic in the domestic financial community. The China Banking Regulatory Commission held the 2014 National Banking Supervision Working Conference on January 6, 2014. It was stated at the meeting that the banking industry will be opened to the outside world in 2014, and trials will be initiated by pure private capital to establish banks at their own risk. There are 3 to 5 pilot projects, and one for mature ones. ^[1]