How China is empowering the boardroom

Since the financial crisis, a plethora of useful rules on capital and liquidity buffers have been proposed by the Basel Committee for Banking Supervision. However, these measures alone fall short of addressing the deep-rooted problems revealed by the turmoil. Worse, the current enthusiasm for radical reform may gradually fade as the economy recovers and if supervisors cannot think out of box, cannot find more direct and effective solutions, history might well repeat itself.

One of the fundamenta