Ten years later, governments have plugged the failures from the last crisis. Unfortunately, the next crashing market won’t be same as the last one.
IMF views the central bank less fully compliant with the Basel Core Principles and recommended a more prescriptive rule-making approach to regulation.
PBOC is considering ways to include large internet finance firms in its Macro Prudential Assessment.
Papers analyses regional divergence in frameworks across Singapore, Hong Kong and Japan.
The Chinese government made systemic risk in the country’s financial sector its main priority during its mid-year work conference.
The campaign against systemic risk could turn into a political purge that undermines regulatory development.