Lowe says RBA is closely monitoring China’s shadow banks

Philip Lowe

The Reserve Bank of Australia is closely watching efforts by Chinese authorities to deal with risk in their country’s shadow banking system, Philip Lowe said on May 23.

Lowe said the RBA is conscious that trouble in Chinese financial markets could spill over into Australia.

“The complex web that has developed in China is characterised by opaque risk transfers, implicit guarantees and complex connections,” the RBA governor said during remarks in Sydney. “To the extent that experience elsewhere

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: