All posts tagged "BOC"
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608AML / KYCChina Should Reduce SWIFT Use in Case of US Sanctions – Report
China should prepare for potential US sanctions by increasing the use of CIPS for cross-border transactions, and by developing legislation similar to the EU’s blocking statute.
July 30, 2020 -
1.3KAML / KYCSingapore Police Raid ZenRock Following HSBC Allegations of Fraud
Singapore’s High Court has reportedly appointed KPMG executives as interim judicial managers to oversee a transition to new management at ZenRock Commodities, an oil trading firm.
May 10, 2020 -
709China
Bank of China to Partially Shoulder Investors’ Crude Oil Losses
The move followed a determination by the Financial Stability and Development Committee that the bank was at fault for not following investment suitability principles.
May 8, 2020 -
469ChinaCBIRC Issues Directions to BOC Over Oil Losses
The CBIRC has asked Bank of China to improve its risk management and to negotiate with investors in good faith over an estimated 10bn yuan in losses in its crude oil product.
May 5, 2020 -
760ChinaCBIRC Instructs Banks to Halt Risky Crude Oil Products – Reports
The verbal directions came nearly a week after an estimated $1.4bn in losses were recorded in a crude oil futures trading product sold by Bank of China.
April 29, 2020 -
523Capital RegulationPBOC Cuts Rates as Banks Prepare for More Bad Debt
Small- and mid-sized banks are likely to struggle more as they have less capital in reserve and fewer state borrowers they can call on.
March 31, 2020 -
439Capital RegulationCBIRC Finalises Net Capital Rules for Banks’ Wealth Management Units
The regulator has fixed the minimum net capital for commercial lenders' wealth management subsidiaries at 500 million yuan, and at least 40 percent of the net assets.
December 6, 2019 -
480Capital Regulation
China Publishes Draft Framework for D-SIB Assessments
Moody's says the regulation may widen credit divergences between large and small banks, as the latter are less likely to receive less government support.
November 28, 2019 -
334Capital RegulationQuota Depletion Forces Mortgage Lending Halts in Shenzhen
China Construction Bank, Bank of China and Ping An Bank have reportedly halted mortgage lending in Shenzhen, having depleted their 2019 quotas.
November 27, 2019 -
3.4KFeatureSWIFT Completes Latest gpi Trial with Singapore FAST
All cross-border payments in the trial, which involved 17 banks across 7 countries, settled end-to-end within 25 seconds. SWIFT gpi has also now been introduced for corporates.
July 22, 2019
