CBRC chief adviser Sheng brands financial engineering ‘a cancer’


In a wide-ranging interview tackling subjects such as the breakdown in modern financial theory underpinning central banking policy through to the best way to take control of a troubled financial institution, Andrew Sheng, chief advisor to the China Banking Regulatory Commission (CBRC), derided the role of financial engineering in modern finance.

"Financial engineering is a cancer," Sheng said in a Q&A with Central Banking editor, Claire Jones, called Theory failure, published in the February

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: