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Exclusive: China's regulators compete to look tough as political pressure mounts

Reuters  |  BEIJING 

By Shu Zhang and Matthew MillerBEIJING (Reuters) - China's financial watchdogs are pushing for harsher rules and stepping up action against miscreants, spurred on by official pressure on them to curb risk in the financial system, according to multiple sources with direct knowledge of the situation.Officials at the central bank, as well as at the banking, insurance and securities regulators, have been stepping up their enforcement activities, which have been under increased scrutiny since late last year, the sources told Reuters.Regulatory officials worry they may get into trouble for not ...

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First Published: Wed, March 14 2018. 13:41 IST