FSB offers China advice on tackling shadow banking risks

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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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