Chinese banking regulator out with a statement 18 Aug
- will push fwd credit committee system to tackle corp debt problem
- encourages banks to conduct debt restructuring of companies facing temporary difficulties
- encourages banks to conduct debt for equity swaps
- encourages banks to speed up disposal of NPLs
- will steadily push fwd asset-backed securitization of NPLs
- will come up with 20 sets of new regulations this year to cover policy on banks, online lending, interest rate risks, asset management firms
Thanks for popping in with that.
Meanwhile USDJPY testing 109.00 with USD supply finally pushing EURUSD TO 1.1759 and GBPUSD 1.2895 after holding 1.2880. Offers on both nearby still.
EURUSD 15m
