Chinese regulator prompts more derivatives advice
December 01, 2009
Banks could demand that their corporate counterparties in China seek more advice on trades, after a senior Chinese regulator criticised international banks for ''maliciously'' selling derivatives
Such remarks could encourage international banks to require that state-owned enterprises (SOEs) seek more external advice before they are comfortable transacting with them.
“They may need to introduce a third party to protect themselves,” said one lawyer in Beijing. “If they ensure that a third party, such...
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