China CBank criticises IMF supervision remit

In Washington on 29 April Li Ruogu, vice-governor of the People's Bank of China put forward China's position on how to reform the international financial system and the IMF. He criticised the promulgation of supervisory standards without developeing country input and in particular argued against the FATF's anti-money-laundering standards.

He said: After the Asian financial crisis, IMF and other international organizations formulated a series of standards and norms for maintaining macroeconomic

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