Furthermore, the increasing presence of Chinese banks within the euro area also brings its own challenges regarding banking supervision, including the need for greater cooperation and exchange of information between home and host authorities. 1  See “RMB breaks into the top ten most-used currencies for payments”, SWIFT Renminbi Tracker (January 2014).
2  See “Development of the Renminbi Market in Hong Kong SAR: Assessing Onshore-Offshore Market Integration”, IMF Working Paper No. 13/268.