Banks flock to China

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The region’s banks are flocking to apply for licences to conduct derivatives business in China, just weeks after the country’s long-awaited derivatives regulations came into effect in March. The new rules bring to an end 18-months of consultations with the country’s banking regulator, and remove many of the legal uncertainties that have plagued the country’s derivatives market.

So far, a number of banks have begun the application process with the country’s regulator, the China Banking Regulatory

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