Asia Risk Congress 2011: ‘Strong baseline supervision’ a domestic priority, says CBRC head
Chinese banking watchdog director-general Luo Ping says China should continue with its conservative regulatory approach, which insulated it against the worst effects of the global financial crisis
While China shares the common goal of following internationally agreed financial reforms promoted by global economic forums and standard-setting bodies such as the Financial Stability Board and the Basel Committee on Banking Supervision, these reforms are only applicable partially for China and emerging markets as they represent developed nations' efforts to tackle post-crisis problems accelerated by their light-touch regulatory approach, said Luo Ping, director-general of the China Banking
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