FSB offers China advice on tackling shadow banking risks

The BIS, host to the FSB

China should take steps to improve its surveillance and regulation of shadow banks, the Financial Stability Board (FSB) said today (August 14).

A peer review found China has made progress in improving both its macro-prudential toolkit and oversight of its growing shadow banking sector – specifically non-bank credit intermediation – but more needs to be done.

The final report, drafted by a team of central bankers and FSB staffers chaired by Bank of England deputy governor Jon Cunliffe, said China

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