C&G REGULATORY SOLUTIONS AND ITS CEO ALEXANDER CULLEY SHORTLISTED IN PRESTIGIOUS ICA COMPLIANCE AWARDS 2024 finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Major banks in the UK are preparing for further Western sanctions against China in the future and have submitted contingency plans with the UK and US .
Big banks in Britain are preparing for any future escalation of Western sanctions on China and have shared their "scenario planning" with the British and U.S. governments, a senior banking official has told Reuters. The project involves sharing lessons learned from other sanctions frameworks, including those on Russia, and discussions about the effect any measures imposed on China might have, Neil Whiley, director of sanctions at lobby group UK Finance, said. After many companies were wrongfooted by the speed and breadth of prohibitions on Russia, banks are drawing up contingency plans in case geopolitical tensions between the West and China escalate, seven finance industry sources said.
Big banks in Britain are
preparing for any future escalation of Western sanctions on
China and have shared their scenario planning with the British
and U.S. governments, a senior banking official has.
Exclusive: Banks in UK assess China risks after being stung by Russia sanctions reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.