According to an administrative penalty disclosure notice from the Dalian Regulatory Bureau of the National Financial Regulatory Administration, Sun Yikun, who served as deputy head of Bank of Communications Co.,Ltd. (BANKCOMM) Dalian Branch, has been banned from working in the banking sector for five years.
The penalties stem from violations related to approval of market entry, the "three checks" on loans, and credit management.
The notice was publicly released on October 12, detailing the regulatory action taken against the former executive.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments