A new "super regulator" could be established to improve coordination between financial sector regulators, the Financial Times reported. The establishment of an institution is likely to be on the agenda of a closed-door meeting later this year of senior leaders and finance industry officials, according to government advisers and scholars. Neither the date of the meeting nor its agenda had been settled but it was likely to be held in November, they said, and cover a range of issues. Elements of the capital markets and brokerages are governed by separate banking, insurance and securities regulators, as well the People's Bank of China, which has led to infighting and stymied reform. The so-called Finance Work Committee meeting, to be chaired by Premier Wen Jiabao, has only been held twice before and both times has been followed by major policy changes. The last meeting, in February 2002, laid the groundwork for a major reform of the large state banks, which involved the re-capitalization of the three biggest institutions, followed by their listing overseas.