To prepare for China’s MSCI indices inclusion, regulators in Hong Kong and China have announced a four-fold increase in daily trading quotas for the cross-border Stock Connect programmes.
Category: Regulation
Stanchart Singapore fined $5m for AML breaches
The Monetary Authority of Singapore (Mas) sends a message of zero tolerance towards money laundering as it penalises two Standard Chartered entities for suspicious transfers from Guernsey, according to industry sources.
Hong Kong’s SFC goes after big guns
In separate moves, Hong Kong’s Securities and Futures Commission this month has gone after UBS, Deutsche Bank and CLSA for regulatory breaches.
Mifid II brings dilemma to Asian firms
Europe’s Mifid II requires Asian fund managers to decide whether to treat European clients differently from others in terms of transparency, investor protection and cost of research.
SFC’s Julia Leung takes on deputy CEO role
Julia Leung has been re-appointed as executive director for intermediaries and has been given a deputy CEO role for three years, according to a statement from the regulator.
HK devises plans for financial industry expansion
Under fire from rival financial centres, Hong Kong’s authorities outlined plans to foster its financial industry in the latest fiscal budget report.
Credit Suisse Asia hiring investigated
Swiss banking giant Credit Suisse is being investigated by the US government for its hiring practices in Asia-Pacific.
Singapore seeks MRF, passporting schemes
The Monetary Authority of Singapore wants Singapore-domiciled funds to be available to investors in offshore markets, according to Lim Cheng Khai, an executive director for capital markets intermediaries at the MAS.
Opt in or out? Singapore’s accredited investors must choose
Recent defaults on bond payments by companies such as Swiber Holdings last year offer validation for the Monetary Authority of Singapore’s (MAS) push for enhanced investor protection.
HK SFC fines Credit Suisse
Hong Kong’s regulator has fined and reprimanded Swiss wealth manager Credit Suisse for internal control failures and selling unsuitable products.
