People’s Republic of China : Financial Sector Assessment Program- Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
The China Banking Regulatory Commission (CBRC) has maintained its momentum in regulation and supervision in the face of exceptional growth in scale and increasing complexity of the banking system. Equally, the CBRC has risen to the demands of the international regulatory reform agenda, delivering timely revisions to its body of regulations and maturing its supervisory practices through investing in essential new skills, enhancing methodologies, and broadening its interactions with the industry. In this context, the clarity of supervisory requirements and expectations communicated to the industry is a strength of the CBRC. Recent organizational reforms, in 2015, building on other internal reforms, will serve the CBRC well in delivering its supervisory mandate. While pursuit of financial stability is recognized as fundamentally important, concerns must be acknowledged as to whether the CBRC would, in practice, always be able to act on its primary, stability, objective, especially if government policies, whether focused growth and expansion, or social protection, conflicted with prudential considerations.
Series:
Country Report No. 17/403
Subject:
Bank supervision Basel Core Principles China Financial Sector Assessment Program
English
Publication Date:
December 26, 2017
ISBN/ISSN:
9781484335222/1934-7685
Stock No:
1CHNEA2017006
Format:
Paper
Pages:
270
Please address any questions about this title to publications@imf.org