China was one of the first countries to sign up to the Basel 3 standards, and further renminbi internationalization will be implemented in a prudent and pragmatic manner. Domestic financial reforms will focus on strengthening policy coordination and moving toward market-determined interest rates and exchange-rate flexibility.
换句话说，世界需要一套系统性方法处理系统性风险和系统性失灵。不幸的是，只要规则的实施和执行只在国家层面展开，全球金融治理就很难得到强化。