A crucial court decision and improved practices around commodity assets and collateral is helping restore confidence following fraud at the Port of Qingdao
Citi failed to force Mercuria Energy to stump up $270 million, but the crucial UK High Court ruling over metals financing will provide comfort for trade finance banks in China and users of repo agreements alike.
Singapore’s central bank has proposed criminal and civil sanctions for benchmark manipulation in a bid to improve trading transparency. Experts are divided whether it will work.
Hong Kong and Shanghai-listed China COSCO Holdings Company has appointed new financial chief Tang Runjiang to replace Feng Jinhua amid an anti-graft probe into the loss-making conglomerate.