Financial Regulatory Forum

Banks uneasy over report China state companies assert right to default on derivatives trades

By Reuters Staff
August 31, 2009

By Eadie Chen and Chen Aizhu
BEIJING, Aug 31 (Reuters) – A report that Chinese state-owned companies will be allowed to walk away from loss-making commodity derivative trades provoked anger and dismay among investment bankers on Monday as they feared it may set a damaging precedent.

In China, banks chafe at derivatives drive

By Reuters Staff
July 28, 2009

By Eadie Chen and Jonathan Leff
BEIJING/SINGAPORE, July 27 (Reuters) – While Washington pursues a high-profile overhaul of its derivatives markets, a more modest but equally important crackdown is underway in China. (more…)