Foreign banks get temporary respite from China’s new ‘Volcker rule’

Georgina Lee
18 Jul 2011

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The China Banking Regulatory Commission (CBRC) has missed its own deadline to issue details of a prescriptive methodology aimed at limiting the non-hedging derivatives activity of banks. The new rules were expected to place a limit of 3% on non-hedging related activity aimed at limiting proprietary trading in derivatives in line with the US ‘Volcker rule'.

Both Chinese and foreign banks are expected to abide by the proposed 3% ‘market risk capital rule', first unveiled in January this year, when

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