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Sheila Bair: US Needs to Learn Regulatory Rules from China
2019年06月17日

Sheila Bair, Former Chairman of the Federal Deposit Insurance Corporation (FDIC)

  “Some of our rules are too complicated. We should learn from China”, as Sheila Bair, former Chairman of the FDIC of the US,told the plenary session of the 11th Lujiazui Forum, the US regulations are excessively complicated and lack of clarity in comparison with the Chinese ones.

  In the US, overlapping regulatory bodies has brought a great deal of confusion and complicity to foreign investors. In contrast, China has combined banking and insurance regulators into one institution that oversees both banks and insurers forgreatersynergy. China also provides a model for clear rule-making to the US.

  China now plays a key role in many international organizations regarding matters such as capital adequacy and exit mechanisms. Sheila Bair suggested that China should get involved in the development of international rules for matters either big or small, which will take some time for the country tolearn and improve.