In separate moves, Hong Kong’s Securities and Futures Commission this month has gone after UBS, Deutsche Bank and CLSA for regulatory breaches.
Category: Regulation
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.
A look at Singapore’s AML rules for fund managers
Post-1MDB, the Monetary Authority of Singapore (MAS) has reinforced its focus on anti-money laundering (AML). Damayanti Shahani provides a snapshot of what a fund management firm can expect.
Victims defend $11bn Chinese Ponzi scheme
Investors across China are continuing to support the founder of an alleged Ponzi scheme, even after he turned himself into police, despite standing to lose CNY70bn ($10.8bn).
