Banks form ‘contingency units’ ahead of possible China-Taiwan conflictBy Natasha Teja
November 8, 2023
Banks are stepping up their scenario risk-planning should China act on threats to invade Taiwan.
Growing tensions in the Taiwan Strait and G7 governments’ rapid response over sanctions following Russia’s invasion of Ukraine have prompted banks to form specific divisions to deal with any fallout.
International banks in China face heightened political and operational risk following the introduction of a tougher anti-spying law. Foreign businesses operating in the country are now subject to extensive but...Read more