The BIS is concerned about high volumes of USD debt recorded off-balance sheets and FX settlement risk that remains "stubbornly high".
December 8, 2022The PBOC is actively discouraging currency speculation and asking banks to reintroduce a yuan fixing tool that was abandoned two years ago.
September 29, 2022The final version of the law further improves derivatives trading supervision and specifies rules for foreign institutions operating in China.
April 21, 2022Last February, Deutsche Bank’s Taipei branch was banned from trading TWD forwards and suspended for two years from trading FX derivatives.
February 8, 2022ISDA says the revised draft incorporates several comments it made in its submission to the consultation on the first draft.
October 28, 2021The PBOC will guide pension funds, insurance, social security and asset managers towards investing in ESG products, officials said at a recent forum.
August 2, 2021Banks have to adopt provisions in financial contracts binding counterparties to temporary stays on termination rights that may be imposed by the HKMA during a bank resolution.
June 28, 2021Deutsche Bank is permanently banned from trading TWD deliverable and non-deliverable forwards. ING, ANZ and Citi received lesser punishments.
February 9, 2021Implementation will occur in two phases, the first for contracts where the only counterparties are HKMA-authorised institutions and/or FIs that are part of G-SIBs.
January 4, 2021Participants will be able to digitally trade natural gas in both the spot and forward markets, facilitating price discovery and lowering overall gas prices.
June 18, 2020