PBOC governor Pan Gongsheng said China will continue to open up its market for global businesses and create a more business friendly environment.
September 20, 2023Banks ranked in the global top 50 would be subject to looser restrictions for setting up financial asset management units in Taiwan.
September 13, 2023The use of "off-channel" communications was "pervasive and longstanding". Wells Fargo was penalised $200mn, while BNP Paribas and SocGen were each fined $110mn.
August 9, 2023SocGen said it has reached separate settlements with the SEC and CFTC, both of which were "pending formal regulatory approval."
August 4, 2023BNP Paribas said in its mid-year earnings report that it expects a fine from the CFTC and SEC.
July 28, 2023Participating banks can register new trade financing transactions and receive real-time notifications if instances of duplication are detected.
June 26, 2023The Canton Network will provide a decentralised infrastructure that connects independent applications like Deutsche Börse’s D7 post-trade platform and Goldman’s GS DAP.
May 11, 2023BNP Paribas will partner with Bank of China to launch an e-CNY services for corporate clients and explore the CBDC's use in supply chain finance and other areas.
May 10, 2023Regulation vital to ensure “transparency and rigour” of ESG benchmarks that play a key role in investors’ transition to net zero.
April 12, 2023The changes allow foreign banks to use the issuance proceeds to finance a wider range of sustainable economic activities and carbon reduction transformation projects.
April 11, 2023