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3Novices:China sets up super regulator to mend over fragmented financial regulatory structure

President Xi Jinping has ordered the establishment of a super regulator with powers to coordinate the supervision and management of financial stability, finally putting into action a plan that has been in the works for at least a decade to mend over the country’s fragmented regulatory structure.
The State Council will set up a Financial Stability Development Committee to coordinate between the regulators of banking, securities and insurance, while the People’s Bank of China — the…
July 15, 2017 at 07:39PM http://ift.tt/2tWcXzj
#3Novices #News #OnlineMedia #China 3Novices China

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