Consumer Financial Regulation

He Wei Ping

Chapter 5 in Banking Regulation in China, 2014, pp 93-112 from Palgrave Macmillan

Abstract: Abstract As mentioned in chapter 1, improving efficiency through competition has remained a low priority for the central government and regulators in China. Insufficient competition will lead to a situation where banks exploit dominant market position. Chinese banks with strong political backing could potentially abuse their position by raising prices above competitive levels to the detriment of consumers.1 At the same time, articulated regulatory goal is to protect depositors and consumers, and maintain the confidence in the market. Therefore, it is the role of the regulators and local governments to adopt direct intervention to compel banks to act fairly and consistently toward consumers. Thus, in the absence of rigorous competitive mechanisms, this chapter examines China’s regulatory framework for consumer financial protection in the banking sector.

Keywords: Financial Institution; Commercial Bank; Banking Sector; Consumer Protection; Dispute Resolution (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-36755-6_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137367556

DOI: 10.1057/9781137367556_5

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().