China’s Central Bank Creates Macro-Prudential Management Bureau

Posted on 02/17/2019

The People’s Bank of China (PBOC) created a new department to oversee and attempt to eliminate financial risks to the system. PBOC formed the macro-prudential management bureau to draft rules, monitor, and handle financial systemic risks, and to advise on currency issues including yuan convertibility, according to a statement published by the State Commission Office […]