CIAO DATE: 04/2015
March 2015
Centre for International Governance Innovation
The “shadow banking” system, as a credit intermediary outside of regulation and the regular banking system, has been regarded as one of the critical sources of the global financial crisis. International coordination of regulation on shadow banking has improved since 2009, but cooperation among advanced economies and emerging markets has made little progress. Zheng Liansheng looks at the reasons for this slow progress and offers suggestions for reform, with a particular focus on China.
Resource link: The Shadow Banking System of China and International Regulatory Cooperation [PDF] - 2.4M