Cross-Border Scrutiny Urged
Source: Xinhua |
April 12, 2010, Monday
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Print Edition
Print Edition
CHINA Banking Regulatory Commission Chairman Liu Mingkang yesterday urged countries to boost cross-border financial regulation to prevent future crises.
China's banking system remained sound despite the global financial crisis due to prudent and effective risk control, Liu said at the Boao Forum for Asia.
He said it was vital for the financial system to return to fundamentals and properly control leverage.
Banks should markedly raise down payment requirements on some mortgage loans, he said.
China's banking system remained sound despite the global financial crisis due to prudent and effective risk control, Liu said at the Boao Forum for Asia.
He said it was vital for the financial system to return to fundamentals and properly control leverage.
Banks should markedly raise down payment requirements on some mortgage loans, he said.
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