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The Current State of the Financial Sector and the Regulatory Framework in Asian Economies—The Case of the People’s Republic of China

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  • Ping, Luo

    (Asian Development Bank Institute)

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    Abstract

    Reform 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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    File URL: http://www.adbi.org/files/2011.09.15.wp310.state.financial.sector.framework.prc.pdf
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    Bibliographic Info

    Paper provided by Asian Development Bank Institute in its series ADBI Working Papers with number 310.

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    Length: 16 pages
    Date of creation: 15 Sep 2011
    Date of revision:
    Handle: RePEc:ris:adbiwp:0310

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    Keywords: financial regulation; basel iii; prc financial sector;

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