Responsibility for macroprudential oversight is lodged with the central bank in China,
Malaysia and Viet Nam, while responsibility is shared between the central bank and
other government bodies through a financial stability committee or other co-ordinating
body in the Philippines and Thailand. The responsibility in Indonesia is shared between
the “integrated regulatory” body (Otoritas Jasa Keuangan, OJK) created in 2011 to take on
responsibility for supervision of the country’s banks and insurance companies and the
securities markets