All posts tagged "Crude Oil"
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247ChinaCBIRC 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 -
486China
China: Banks Suspend Opening of Precious Metals Trading Accounts
Seven banks have temporarily stopped opening new accounts for precious metals trading amid concerns that heightened volatility could lead to losses and complaints.
December 1, 2020 -
706JapanOsaka Exchange to Launch Petroleum Index Futures
The new futures contract will be based on the CME Group Petroleum Index and launch by year-end, subject to regulatory approvals.
October 6, 2020 -
804EnforcementTaiwan FSC Penalises 12 Futures Brokers Over Oil Trades
The futures brokers failed to announce negative oil prices in April and were unable to accept orders from clients, among other failures.
September 8, 2020 -
598JapanTokyo Commodity Exchange Proposes Trading Rule Revisions
TOCOM plans to revise its trading rules to coincide with the launch of a next-gen derivatives trading system known at J-GATE 3.0 in Q3 2021.
July 29, 2020 -
606KoreaFSC Korea to Rein in Excessive Investment in Risky ETFs, ETNs
The FSC will impose a new minimum deposit requirement on retail investors investing in ETFs and ETNs, and require them undergo mandatory investor education, among other measures.
May 19, 2020 -
1.6KAML / 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 -
819China
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 -
570ChinaCBIRC 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 -
884ChinaCBIRC 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
