Hong Kong’s Securities and Futures Commission (SFC) has banned two former HSBC employees from re-entering the financial services industry for life after they were convicted of fraud.
Author Archives: Kirsten Hastings
Kirsten is editor for International Adviser, covering global news stories about the financial services industry. She joined Last Word Media in October 2015 after two years working as a reporter covering the staffing and recruitment industry.
Kirsten has a Masters in Financial Journalism from the University of Stirling.
She can be contacted via kirsten.hastings@lastwordmedia.com
More protection to be offered to wealthy Singapore investors
Wealthy investors in Singapore may soon be able to choose to be covered by the same protections as retail investors under proposals from the Monetary Authority of Singapore (Mas).
Hong Kong regulator fines BNP Paribas HK$4m for overcharging
The Securities and Futures Commission (SFC) has fined BNP Paribas Wealth Management HK$4m ($515,664) for overcharging its clients.
Lombard Odier expands in the Philippines with Union Bank pact
Lombard Odier has signed a strategic agreement with Manila-based Union Bank to offer investment solutions to onshore private clients in the Philippines.
Global ETF assets under management to exceed $7trn by 2021
Growth in exchange traded funds (ETFs) is expected to accelerate over the next five years, with global assets under management set to exceed $7trn by 2021, according to a PwC report.
SFC fines Schroders and State Street
Schroder Investment Management (Hong Kong) and State Street Global Advisors have been fined by Hong Kong’s Securities and Futures Commission for two separate regulatory breaches.
Singapore’s financial regulator steps up enforcement
The Monetary Authority of Singapore (MAS) has announced plans to set up a new department to centralise and strengthen its enforcement capabilities.
HK’s SFC signs pact with US counterpart
Hong Kong’s Securities and Futures Commission has signed an agreement with the Financial Industry Regulatory Authority (FINRA) in the US for cross-border oversight.
Chinese AM industry cleanup underway
More than 2,000 private fundraising and management firms will be forced out of the Chinese market, according to the China Securities Regulatory Commission and the Asset Management Industry Association of China.
Asia Pacific Funds Passport moves forward
Representatives from Australia, Japan, Korea, and New Zealand signed a memorandum of cooperation (MoC) on the Asia Region Funds Passport (ARFP) on Thursday, that should see the initiative launched next year.
