Central clearing makes OTC derivatives trading safer, more efficient, and more competitive for participants, FSC chair Huang Tien-mu said at the launch ceremony.
July 27, 2022SOR will now end 18 months later to reflect the IBA's plans, but the transition to SORA in cash products and derivatives markets will continue at pace.
February 3, 2021Three former banking regulators were expelled from the CCP and referred for criminal prosecution for accepting bribes and contributing to Baoshang Bank’s failure, among other violations.
January 28, 2021Baoshang Bank will become the first commercial bank to go bankrupt in China in almost 20 years. Earlier this month, regulators deemed the bank to be non-viable.
November 24, 2020Banks are charging customers between 25 and 27 percent in interest on credit card debt, in violation of regulations, Bangladesh Bank said.
September 27, 2020The decision was made based on “severe insolvency” found at Baoshang Bank. The last commercial bank allowed to go bankrupt in China was in 2001.
August 7, 2020Multiple layers of uncertainty on the course of climate change give rise to a lack of consistent data and methodologies for translating potential outcomes into financial exposure estimates.
July 23, 2020If Covid-19 is not contained, debt will accumulate and credit risks will mount, leading to ratings downgrades which will exacerbate existing stresses and cause asset sell-offs.
June 12, 2020Market expectations of bank capital levels and the knowledge that capital will eventually need to be rebuilt make it difficult for banks to dip into their buffers.
May 28, 2020The case reportedly relates to the official's supervision of Baoshang Bank which was taken over by regulators in May due to "serious credit risks".
December 28, 2019