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News 2 years ago

Financial regulation cannot prevent institutions from failing

According to news on October 29, Sun Tianqi, director of the Financial Stability Bureau of the People’s Bank of China, pointed out that financial supervision cannot be complete to prevent financial institutions from failing.

Reduce reliance on the direct disposal of risks by the central bank or public funds. An orderly financial risk handling mechanism must be improved. The core is to build forward-looking systemic risks. Judgment mechanism and market-based risk disposal mechanism.

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