Year: 2009
Type: article
Abstract: Since the 90s in last century, financial innovation tends to be different under the condition of loose regulation and the revolutionary progress of information technology. The competition in the finance industry becomes severe and financial institutions lay more stresses on innovations, not only concerning the product innovation but also the services. However, risks come. The bankruptcy of many American financial institutions in last year deserves more attentions from China’s commercial banks that should emphasize on financial innovations. Only by strengthening the internal and external supervision and regulation, can it reduce commercial banks’ innovation risk.
Authors: Mingyou Wang, Jian Gui, Jingting Ma
Institution: Shenyang University
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W2093530438