Xiang Junbo: Exclusive interview with the People’s Daily Xiang Junbo, Deputy Governor of the People’ s Bank of China, in a recent interview with a reporter of the People’s Daily. *  *  *  Reporter: The establishment of the People’s Bank of China (PBC) Shanghai Head Office has drawn broad attention from the financial circle and the media.
Beyond the rules, uniform and incisive controls are also essential. When one national supervisory authority adopts a lax approach, a dangerous breach is opened, through which potential vulnerabilities may be quickly propagated to other systems. Supervisory models and methods continue to display marked differences across countries: in data availability, in the use of on-site and off-site controls, and in the instruments for intervention.