Strengthening the financial regulatory system is an im- portant lesson drawn from the global financial crisis. While the banking sector has adopted the Basel III, insurance regulators worldwide are to bring out new re...Strengthening the financial regulatory system is an im- portant lesson drawn from the global financial crisis. While the banking sector has adopted the Basel III, insurance regulators worldwide are to bring out new regimes. The China Insurance Regulatory Commission （CIRC） has announced a three-to-five-year plan for building up the country＇s second generation of solvency regulation. Chen Wenhui, CIRC Vice Chairman, in-troduced the plan in an exclusive interview with Beijing Review reporter Yu Shujun. Edited excerpts follow：展开更多
文摘Strengthening the financial regulatory system is an im- portant lesson drawn from the global financial crisis. While the banking sector has adopted the Basel III, insurance regulators worldwide are to bring out new regimes. The China Insurance Regulatory Commission （CIRC） has announced a three-to-five-year plan for building up the country＇s second generation of solvency regulation. Chen Wenhui, CIRC Vice Chairman, in-troduced the plan in an exclusive interview with Beijing Review reporter Yu Shujun. Edited excerpts follow：
