People walk near a large screen showing stock exchange data in Shanghai on March 15, a day after Asia-Pacific markets sank in the fallout from failed US banks. Photo: EPA-EFE

The View by William R. Rhodes and Stuart P.M. Mackintosh

How China can learn from the mistakes in US banking culture and oversight

As China looks to reform its banking regulations, it can avoid US pitfalls, such as letting regional banks lend excessively to one sector or allowing skewed boards

Importantly, the siren call of lobbying for looser banking rules and regulations must be ignored

William R. Rhodes and Stuart P.M. Mackintosh

Published: 3:45pm, 26 Apr, 2023

Updated: 4:17pm, 26 Apr, 2023

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People walk near a large screen showing stock exchange data in Shanghai on March 15, a day after Asia-Pacific markets sank in the fallout from failed US banks. Photo: EPA-EFE

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How China can learn from the mistakes in US banking culture and oversight

As China looks to reform its banking regulations, it can avoid US pitfalls, such as letting regional banks lend excessively to one sector or allowing skewed boards Importantly, the siren call of lobbying for looser banking rules and regulations must be ignored

As China looks to reform its banking regulations, it can avoid US pitfalls, such as letting regional banks lend excessively to one sector or allowing skewed boards

Importantly, the siren call of lobbying for looser banking rules and regulations must be ignored