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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