中监为体、西监为用 or the specifics of Chinese bank regulation Report as inadecuate




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Abstract

The present paper aims to propose an explanation for the rationale behind the current banking regulatory arrangement in China. A now stable and relatively healthy banking system emerged largely unscathed from the financial crisis without relying much on recognised international best practices in bank supervision. China combines a strong regulatory hand together with a capital adequacy requirements stick, without much intervention of foreign or private institutions in the larger sense of the term. After an in-depth review of the Chinese framework we recognise that it is exactly this lip service to private monitoring mechanisms on top of restrictive regulators that allows for stability and growth - at least for now. China uses Chinese supervision as the core and western regulatory instruments as useful add-ons - a manner similar to the catch phrase used over a century ago to rejuvenate China.



Item Type: MPRA Paper -

Original Title: 中监为体、西监为用 or the specifics of Chinese bank regulation-

English Title: The specifics of Chinese bank regulation-

Language: English-

Keywords: regulation, bank, china-

Subjects: G - Financial Economics > G2 - Financial Institutions and Services > G28 - Government Policy and RegulationG - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages-





Author: Cousin, Violaine

Source: https://mpra.ub.uni-muenchen.de/36040/







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