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dc.contributor.authorPing, Luoen_US
dc.date.accessioned2011-03-29en_US
dc.date.accessioned2011-12-15T12:26:59Z-
dc.date.available2011-12-15T12:26:59Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/53680-
dc.description.abstractThis paper discusses the banking regulatory and supervisory practices in People's Republic of China (PRC) with reference to the international standard for banking supervision, namely, the Basel Core Principles for Effective Banking Supervision (BCPs). While the PRC has incorporated many sound practices advocated by the BCPs, there are quite a few areas where significant differences can be observed with respect to qualification review of senior management, broader regulation at the product level, prescriptive rules, and guidance for risk management. Broadly speaking, the PRC adopts a rules-based approach to regulation; in many cases, regulations are prescriptive or even intrusive. In building a robust supervisory system, the PRC finds specific guidance more helpful than sole reliance on principles-based approaches. The paper argues that general principles and a principle-based approach to regulation do not seem to work well for emerging markets. Indeed, the current financial crisis has revealed some shortcomings in the existing international standards on banking supervision. Perhaps this standard can be improved by greater specificity and by incorporating more aspects of the experiences in emerging markets.en_US
dc.language.isoengen_US
dc.publisherAsian Development Bank Institute Tokyoen_US
dc.relation.ispartofseriesADBI working paper series 265en_US
dc.subject.jelG20en_US
dc.subject.jelG28en_US
dc.subject.ddc330en_US
dc.subject.stwBankenpolitiken_US
dc.subject.stwBankenaufsichten_US
dc.subject.stwChinaen_US
dc.subject.stwVergleichen_US
dc.subject.stwBasel IIen_US
dc.titleWhat regulatory policies work for emerging markets?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn654903883en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:ADBI Working Paper Series, Asian Development Bank Institute

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