BOOK: Local Financial Supervision in the Era of Fintech by CF40 member Sun Guofeng, director of monetary policy department at #PBOC: mp.weixin.qq.com/s/VD6yTKgj_22h… #fintech
In this book, the author suggests:
① Improve the coordination mechanism for local financial regulation, including the coordination between the central and local regulatory systems, the coordination among local financial regulators, and the coordination between fintech and traditional financial regulations.
② Clarify the responsibilities and position of local financial regulators, especially in non-traditional financial areas where fintech is widely used, so as to avoid regulatory gap and overlapping.
③ Consolidate the responsibilities of local financial offices, strengthen the supervision and disposal of local fintech risks, and prevent the tendency to localize returns while transferring risks.
④ Strengthen behavioral regulation in accordance with the characteristics of #fintech to protect the interests of financial consumers and #investors.
⑤ Establishing personnel exchange mechanism between central and local financial regulators and enhance local financial oversight capabilities.
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.