CBRC tipped to ease off on credit derivatives
There is talk that the China banking regulator will write new credit trading freedoms into the final version of its derivatives regulations. It is tipped that it will allow banks to trade credit derivatives, contradicting a previous version read by asiamoney.com which was far more restrictive on the subject.
China’s banking watchdog, the China Banking Regulatory Commission (CBRC) is expected to revise the version of its derivatives regulations expected in the New Year, according to people with knowledge of the matter.
It could not immediately be gleaned what the exact changes are to previous versions but it is
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