SEOUL, Dec. 22 (Korea Bizwire) — South Korea’s central bank said Friday that it has selected 12 banks, including six foreign banks, as the lenders responsible for setting prices for direct won-yuan transactions. The Bank of Korea said the lenders will also be charged with taking the lead in providing liquidity to the market. The [...]
TORONTO, ONTARIO and NEW YORK, NEW YORK and BEIJING, CHINA, Nov. 15 (Korea Bizwire) – BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group (NYSE:BMO)(TSX:BMO), has been named the first and only Canadian bank approved by the People’s Bank of China to quote CAD/CNY currencies as a market maker in the [...]
SEOUL, Oct. 23 (Korea Bizwire) – As the issue of anti-money laundering (AML) is getting more critical all over the world, the Financial Supervisory Service (FSS) ordered the Korean branches of four international banks that do not have any adequate internal system to closely monitor money laundering activities, with relevant regulations set up and consolidated. Of the [...]