PBoC handed leading role in macro-prudential policy
Shake-up of PBoC’s governance structure sees central bank gain macro-prudential department
The People’s Bank of China has gained a macro-prudential policy department, as the Chinese Communist Party signals the central bank’s “leading” role in financial stability.
A document published on February 2 by the State Commission Office of Public Sector Reform says the central bank will establish a new department to lead the creation of a macro-prudential policy framework. The department will maintain supervisory mechanisms for overseeing systemically important financial institutions.
The
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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Organisation
CNB to set up new research and statistics department
Central bank says restructuring will boost its ability to “analyse and model economic trends”
Hungary’s central bank completes carbon capture programme
MNB expects 75% reduction in emissions by end of 2025
ECB staff survey shows deteriorating mental health
Staff committee “definitely considering collective action”, chair says
MAS carbon emissions rise amid shift to greener investment portfolio
Equity and corporate bond climate exposures fall as rising air travel and data use drive up own emissions
Argentine candidate promises opposition seats on BCRA board
Massa promises to renegotiate IMF loan as country heads to the polls on October 22
Ex-governor issues stern warnings about planned RBA revamp
Debate over proposed changes to board structure escalates
Legal dispute pits Costa Rica central bank against financial supervisor
Regulator has refused to hand over credit data, and central bank has filed criminal charges
Costa Rica proposes strengthening central bank independence
Government wants to remove finance minister from board and change audit procedures