The Current State of the Financial Sector and the Regulatory Framework in Asian Economies—The Case of the People’s Republic of China
AbstractReform of financial regulation is a priority on the international agenda. At the call of the Group of Twenty Finance Ministers and Central Bank Governors (G-20), a number of new international standards have been issued, most notably Basel III. As a member of the G-20, the Financial Stability Board (FSB), and the Basel Committee on Banking Supervision, the People’s Republic of China (PRC) is now on a faster track in adopting international standards. However, the key issue for the PRC—as well as many other emerging markets—is to how to keep focused on the domestic policy agenda while adopting the new global standards.
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Bibliographic InfoPaper provided by Asian Development Bank Institute in its series ADBI Working Papers with number 310.
Length: 16 pages
Date of creation: 15 Sep 2011
Date of revision:
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More information through EDIRC
financial regulation; basel iii; prc financial sector;
Find related papers by JEL classification:
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
- G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-09-22 (All new papers)
- NEP-BAN-2011-09-22 (Banking)
- NEP-MAC-2011-09-22 (Macroeconomics)
- NEP-REG-2011-09-22 (Regulation)
- NEP-SEA-2011-09-22 (South East Asia)
- NEP-TRA-2011-09-22 (Transition Economics)
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