A draft amendment to China’s Banking Supervision and Management Law was submitted to the National People’s Congress Standing Committee for a second review on Aug. 25. The second-draft tightens obligations on banking supervisory agencies to protect consumers and adds explicit prohibitions on banking institutions and their staff misappropriating client funds, forced bundling or tied selling, breaching suitability rules by offering products beyond customers’ risk capacity, and using improper debt-collection methods. To strengthen legal support for preventing and resolving banking risks, the draft splits Chapter IV into separate Supervisory Measures and Risk Disposal chapters, clarifies central–local responsibilities for bank risk resolution, broadens risk-disposal powers, and specifies how the deposit insurance fund management agency may participate in resolution.(金十数据)