Banks face heavy workload under new derivatives rules
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clpstaff &clp articlesChina's banking regulator has issued a new rule imposing new requirements on domestic banks, and domestic branches of foreign banks, which engage in…
China's banking regulator has issued a new rule imposing new requirements on domestic banks, and domestic branches of foreign banks, which engage in derivatives transactions.
The Notice on Further Strengthening Risk Management for Derivatives Transactions between Banking Financial Institutions and Corporate Clients (关于进一步加强银行业金融机构与机构客户交易衍生产品风险管理的通知) was issued by the China Banking Regulatory Commission (CBRC) on July 31 2009 and is likely to have a significant effect on banks' activities.
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