The National Development and Reform Commission is China’s economic planner, overseeing everything from construction projects to the management of sugar reserves, but its approach to offshore bond approvals is chaotic and could cause lasting damage to the country’s bond issuers.
China’s financial regulators have undergone dramatic changes since president Xi Jinping took power five years ago.
UK regulator to examine regulatory impact as current research pricing viewed as unsustainable by investors.
Goldman Sachs delivered strong first-quarter trading results that were followed by a reorganization of the management of its securities division.
The coming move towards a Volcker Rule 2.0 that relaxes monitoring of proprietary risk taking by bank dealing desks has been portrayed as a result of president Donald Trump’s administration finally placing its preferred officials in key regulatory positions.