European banks face daunting derivatives rules

Article Abstract:

Banks in Europe will have to deal with IAS-B's derivatives standards which will become mandatory beginning in 2005. Analysts said that European banks will have to face the new rules in order to prevent volatility in share prices and financial status.

Europe, Product standards, safety, & recalls, Financial management, Standards, Finance, Derivatives (Financial instruments), Company financing

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China to form independent body to oversee banks

Article Abstract:

An independent body will be formed by the government of China to regulate the banking industry. The agency's formation could strengthen efforts to reform China's banking industry, which has been plagued by debt.

Organizational history, Administrative agencies, Government agencies, Organization formation

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China will raise cap on investment in its local banks

Article Abstract:

The cap on foreign-bank ownership of local Chinese banks will be lifted from 15% to 25% by the Chinese government. The move is an attempt by China to improve the performance of midsized institutions.

Foreign ownership, Community banks

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