What Regulatory Policies Work for Emerging Markets?

This 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. [ADBI Working Paper 265] URL: [http://www.adbi.org/files/2011.02.09.wp265.regulatory.policies.work.emerging.markets.pdf]