Last year China announced and started implementing a major overhaul of its financial supervisory architecture. The newly created Central Financial Commission and the National Administration of Financial Regulation have taken over mandates previously exercised by the now-defunct China Banking and Insurance Regulatory Commission as well as the China Securities Regulatory Commission and the People’s Bank of China, whose heft is consequently diminished. What has been driving these changes, and what might be their impact on the structure of the financial sector and on financial stability?
Joining this episode of Financial Statements are:
Senior Fellow, Peterson Institute for International Economics (PIIE)
F. Warren MacFarlan Associate Professor of Business Administration, Harvard Business School
Professor of Public Policy, Blavatnik School of Government, University of Oxford; Nonresident Senior Fellow, PIIE
About This Series
Financial Statements is a biweekly virtual event series hosted by Nicolas Véron that explores changes in the world of finance, encompassing themes of financial services regulation, corporate finance and governance, systemic fragility and crises, and structural changes driving business and policy trends in the financial sector.