China’s financial regulators asked some banks to report foreign exchange transaction data – report
FOREX POLICY & REGULATION
China’s financial regulators asked some banks to report foreign exchange transaction data – report
FOREX POLICY & REGULATION

China’s financial regulators asked some banks to report foreign exchange transaction data – report

 

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

 

 

China’s financial regulator asked some banks to report additional foreign-exchange transaction data on top of its routine quarterly requests, reported Bloomberg News. 

The National Administration of Financial Regulation last week ordered at least three commercial banks to report a detailed set of data, including quarterly and annual spot and derivative currency trading volume, said the report.

The regulator in July briefed the banking system about a city commercial bank’s aggressive proprietary trading in foreign exchange, though it’s uncertain whether the NAFR’s recent request for FX transactions data is related to the case, the report said.