The signals are clear. The authorities in Asia have stepped up their indignant response to European Union proposals that would force large foreign banks to set up holding companies to consolidate their activities in the region. Chinese and Japanese banking regulators have issued implicit threats to roll out mirroring measures in retaliation.
The US is opting for carrot rather than stick, with lawmakers potentially set to offer a conciliatory gesture to Europe by proposing a relaxation of US int
The week on Risk.net, September 8-14, 2018Receive this by email