All posts tagged "Bank of China"
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280FeatureSWIFT’s Enhanced Platform Endorsed by Six Global Banks
Bank of China, BNY Mellon, BNP Paribas, Citi, Deutsche Bank and Standard Chartered have confirmed their preparations for the enhanced platform ahead of the November 2022 go-live.
June 29, 2021 -
157ChinaCBIRC Directs Banks to Stop Selling Commodities Futures – Report
The CBIRC has asked banks to completely unwind their books for commodities-linked products and stop selling them to individual investors.
May 28, 2021 -
413ChinaCBIRC Penalises Five Banks for Regulatory Violations
Huaxia Bank, China Bohai Bank, Bank of China, China Merchants Bank and Bank of East Asia's China branch were fined a total $56.9mn.
May 24, 2021 -
225ChinaICBC, Bank of China Approved to Invest in National Green Fund
The 'National Green Development Fund' was launched in July 2020 to spearhead investments in green projects and sustainable development.
May 1, 2021 -
268Capital RegulationPBOC, CBIRC Issue Draft Rules on D-SIB Capital, Supervision
Banks designated as D-SIBs will be subject to a capital surcharge of between 0.25 and 1.5 percent, on top of the mandatory capital adequacy ratios.
April 7, 2021 -
222ChinaSchroders Wealth Management JV Wins CBIRC Approval
The joint venture with BOCOM will become the third wealth management JV with foreign majority owners to receive regulatory authorisation in China.
February 24, 2021 -
278Capital Regulation
PBOC, CBIRC Approve New Capital Raising Tool for Banks
While small banks face acute funding needs, larger banks and G-SIBs will similarly have to bolster capital to address rising NPLs and incoming regulatory requirements.
January 27, 2021 -
209KoreaS. Korea Selects Market Makers for Won-Yuan Direct Market
The selected banks will play a leading role in price formation and in supplying liquidity to the KRW/RMB direct trading market.
January 3, 2021 -
409ChinaCBIRC Penalises Bank of China Over April Crude Oil Losses
Bank of China was fined over 50mn yuan and ordered to correct deficiencies, strengthen compliance awareness and improve risk management.
December 7, 2020 -
670ChinaHKMA, PBOC Prepare for Cross-border Testing of Digital Yuan
The HKMA is also exploring options to leverage the FPS to enable instantaneous cross-border payments, according to chief executive Eddie Yue.
December 7, 2020
