Reform of financial regulation is a priority on the international agenda. At the call of the Group of Twenty Finance … Ministers and Central Bank Governors (G-20), a number of new international standards have been issued, most notably Basel III … the PRC find it quite easy to meet the new Basel III capital and liquidity standards. Basel III is only part of an …

significant differences can be observed with respect to qualification review of senior management, broader regulation at the … product level, prescriptive rules, and guidance for risk management. Broadly speaking, the PRC adopts a rules-based approach … to regulation; in many cases, regulations are prescriptive or even intrusive. In building a robust supervisory system …

fragmented financial regulatory structure is not worse than under integrated regulation. This implies that financial regulatory …

. Spouses have to choose between risky lotteries, first separately and then jointly. We find that spouses' individual risk …

We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual …-level risk-taking in pursuing productivity-enhancing activities including using and developing new knowledge. Individual …-level, idiosyncratic risk implies that distinct risk-sharing institutions - even those providing the same level of insurance - can lead to …