Foreign banks get temporary respite from China’s new ‘Volcker rule’
Foreign banks in China, particularly thinly capitalised branches that are not locally incorporated in the country, greeted a decision by China's banking regulator to postpone rules aimed at limiting non-hedging business onshore with relief this month. The move by the Chinese authorities has been dubbed by some market participants as ‘China's Volker rule'.
The China Banking Regulatory Commission (CBRC) has missed its own deadline to issue details of a prescriptive methodology aimed at limiting
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