On Financial Regulatory System Reforms from the Perspective of Financial Structure

Shusong Ba ()

Chapter Chapter 44 in The New Cycle and New Finance in China, 2022, pp 351-365 from Springer

Abstract: Abstract From the perspective of structure, financial structure determines the system and structure of financial supervision. The global financial structure has been tilting in favor of financial markets and mixed financial operation, which has not changed after the outbreak of the financial crisis. Financial supervision, however, has showed a trend of shifting from multi-institutional separate supervision (industry-specific regulation by multiple authorities) to unified functional or objective supervision in an effort to adapt to the financial structure development. Meanwhile, all countries are strengthening their central banks’ role in financial supervision. In China, though the financial structure is currently bank-based (i.e., banks are the dominant institutions providing indirect, or intermediated debt, finance), the role and status of financial markets in the financial system are on the rise, with the trend toward mixed operation in financial institutions strengthening, and their boundary blurring. And the existing multi-institutional separate regulatory model faces many challenges and needs corresponding adjustments according to the change in financial structure due to its inability to meet the requirements of the financial structure development.

Keywords: Financial structure; Financial supervision; Institutional supervision model; Functional supervision model; Objective supervision model (search for similar items in EconPapers)
Date: 2022
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:spr:sprchp:978-981-16-8209-4_44

Ordering information: This item can be ordered from
http://www.springer.com/9789811682094

DOI: 10.1007/978-981-16-8209-4_44

Access Statistics for this chapter

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