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China bank rules ‘intrusive’ says ADBI

Thursday 10 February 2011 – by Nicola York

China has a “prescriptive and even intrusive” approach to financial regulation and this approach better suits emerging markets according to the Asian Development Bank Institute.

In a discussion paper on China’s banking regulatory and supervisory practices, the ADBI says that although it has implemented many of the practices advocated by the Basel Committee, there are areas where “significant differences” occur.

These areas include the qualification review of senior management, prescriptive rules, guidance for risk management and broader regulation of products.

The ADBI argues that this approach seems to work better for emerging markets than a principles-based approach and urges international standards on banking supervision to be improved by “greater specificity”.

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