Corpus ID: 167672274

Reflection of the Banking Crisis Management in China from a Legal Perspective

@inproceedings{Yueying2005ReflectionOT,
  title={Reflection of the Banking Crisis Management in China from a Legal Perspective},
  author={Chen Yue-ying},
  year={2005}
}
  • Chen Yue-ying
  • Published 2005
  • Business
  • We can't deny the fact that banks play a key role in our society, while it is impossible to avoid banking crisis even under the strictest supervision. The current legal system in China for banking crisis management is imperfect. It lacks both sufficient means to resort to, and enough protection for individual depositors in case of a crisis. The main practices in foreign developed countries are the lender of last resort (LOLR), the deposit insurance system and Market-withdrawal system. LOLR… CONTINUE READING

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