Bank of New York Mellon working with China Securities Regulatory Commission
It has been reported that the Bank of New York Mellon has been working closely with the China Securities Regulatory Commission and the country's two stock exchanges, advising them on the rollout of China Depositary Receipts, which represent foreign companies' equity shares.
Bank of New York Mellon announced the creation of a new company to clear futures and derivatives trades on behalf of institutional clients in Europe, Middle East and Africa.