|
Wang Zhaoxing, vice chairman of the China Banking Regulatory Commission, feels that macro-prudential policy tools should be a mix of rules and discretion.
Categories: Regulation, Risk and Regulation Jan 15, 2013 | Wang Zhaoxing The global financial crisis highlighted the complementary relationship between the macro-prudential and micro-prudential elements of effective supervision. History has shown that neither price stability nor effective supervision at the individual firm level is sufficient to secure financial stability. Macro-prudential supervision has been widely regarded as a new element in the financial stability… All visitors must register to gain access. Access to selected news, research and our regular e-newsletters is free for up to 10 days from publication. Please login now or subscribe/register.
Keywords: Wang Zhaoxing, CBRC, PBoC, CSRC, CIRC, Macro-Prudential Analysis, D-SIB  Comments (0) |
 White Papers
|
