The internationally highly regarded CEO of Hong Kong’s Securities and Futures Commission (SFC), Ashley Alder, will not renew his contract when it ends in September 2020, according to media reports.
Asia-Pacific
China to remove limits on foreign ownership of some financial firms from January
The China Securities Regulatory Commission (CSRC) said that limits on foreign ownership of futures, securities and mutual fund companies will go from January 1, 2020.
The real promise of regtech is financial stability
The big prize promised by regtech is to provide genuine financial stability where looming risks can be detected and managed in real-time by regulators and firms before they ever develop into a full blown crisis
Australia’s relatively conservative bank reforms already facing some resistance
Australia’s recent banking scandals, very much rooted in conduct issues, triggered a series of fairly conservative regulatory reforms, but even these are facing some industry push back
Australian banking scandal gives regtech a big boost
Australia’s recent spate of banking scandals has given its regtech sector a major boost as banks rush to find solutions that will ensure they treat their customers better in the future
Open API initiative progressing in Hong Kong
The open Application Programming Interface (API) framework is progressing towards the next phase, said the Hong Kong Monetary Authority (HKMA), with 20 retail banks participating.
Australian regulators propose reforming bankers’ bonuses
Bankers in Australia face reforms to their bonuses including having to wait longer for them to be paid out as the Australian Prudential Regulation Authority (APRA) explores in a discussion paper ways to incentivise better behaviour.
Hong Kong tightens up stock market listings regime
Following a consultation, the Hong Kong Securities and Futures Commission (SFC) said it will work closely with the Hong Kong Stock Exchange (HKEx) and is amending listing rules to clamp down on backdoor listings and shell activities.
FSA warns Japan’s regional banks to change their business models more quickly
Amid speculation that the Bank of Japan (BoJ) is planning to increase its monetary stimulus programme, regulators are warning that it should carefully consider the impact on regional banks before doing so.
ASIC consults on new whistleblower guidance
Australian regulators are seeking comment on guidance for dealing with individuals who call out wrongdoing in the stock market listed firms they work for and to ensure they are heard and protected.
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