Abstract: In the post-crisis era, the international community has paid significant attention to the regulation of Systemically Important Financial Institutions (SIFIs). Considering the current and future needs, China should also accelerate the pace of building its own regulatory framework for SIFIs. This paper argues that the path of international regulatory reform can be viewed from three dimensions, i.e., re-establishing regulatory philosophies, regulatory bodies and regulatory policies. Drawing upon international experiences and taking into account local conditions, the author believes that China should adopt the following reform approach: in the short term, focusing efforts on identifying SIFIs; in the medium term, introducing appropriate regulatory instruments and policies; in the longer term, optimizing institutional arrangements for the regulatory system. 

Full report :Systemically Important Financial Institutions: International Regulatory Reforms and Lessons for China.pdf