All posts tagged "foreign banks"
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127EuropeEU Ramps Up Regulatory Scrutiny Over Foreign Bank Branches
New rules will require foreign banks operating in the EU to consolidate their operations under an "intermediate parent undertaking".
May 26, 2021 -
208Capital RegulationCBIRC Optimises Supervision of Foreign Banks in China
The move is expected to allow foreign banks to play a role in facilitating China's financial market opening-up and channelling funds into the economy.
May 7, 2021 -
386EnforcementForeign Banks Penalised in Taiwan for Facilitating FX Speculation
Deutsche Bank is permanently banned from trading TWD deliverable and non-deliverable forwards. ING, ANZ and Citi received lesser punishments.
February 9, 2021 -
398EnforcementTaiwan to Impose Tighter FX Rules to Curb Currency Speculation
The move follows a probe into dubious currency practices at eight major grain merchants in Asia, facilitated by six foreign banks.
February 5, 2021 -
330Asia-PacificMyanmar Banks Reopen Amid Military-led State of Emergency
Some foreign banks have launched emergency safety measures, ordering employees to stay at home or halting operations indefinitely.
February 3, 2021 -
249Asia-PacificCBSL Orders Banks to Delay Dividends, Halt Share Buybacks
Foreign banks are also instructed to defer repatriation of profits not already declared for 2019 and 2020 until their financial statements for 2020 are finalised and audited.
January 24, 2021 -
945Asia-PacificMyanmar Awards Licences to Seven More Foreign Banks
The preliminary licences were awarded to three Korean banks, two Taiwanese banks, one Hong Kong bank and one Thai bank.
April 13, 2020 -
892Capital Regulation
CBIRC Issues Revised Regulations for Foreign Banks in China
The revised regulations implement the removal of foreign ownership limits and asset thresholds for setting up local units, among other relaxations.
December 30, 2019 -
897Asia-PacificMyanmar to Open Applications for Foreign Bank Licensing
Branch licences will allow wholesale banking activities, while subsidiary licences will permit retail banking services in addition to wholesale banking.
November 9, 2019 -
478Capital RegulationUS Fed Finalises Easier Capital, Liquidity Rules for Banks
Banks that present less risk, including foreign banks, will have reduced requirements. An idea to subject US branches of foreign banks to new liquidity requirements has also been dropped.
October 14, 2019
