Hong Kong has just closed a consultation on its over-the-counter derivatives regime and though it will have a marginal impact on global firms, it is nonetheless important so the jurisdiction stays in line with global norms.
Asia-Pacific
Australian banking scandal focuses spotlight on regulatory regime
A sense of complacency around financial regulation has become established in Australia following a quarter of a century of unbroken economic growth. However, a series of banking scandals is making the authorities there question the country’s supervisory regime
MAS reshuffles senior management team
The Monetary Authority of Singapore is to reshuffle some of its senior management team, effective from June 1
China’s regulators step up clamp down on high risk lending
In a bid to clamp down on risky lending practices Chinese regulators are sitting in bank branches to learn more about their lending practices
Hong Kong: tackling risks key to better competitiveness
A forum hosted by Hong Kong’s Securities and Futures Commission looked at how the autonomous territory can maintain competitiveness in the face of emerging market risks and growing market connectivity. Justin Pugsley reports.
SFC fines Credit Suisse for breaches
Credit Suisse fined $39.3m by Hong Kong’s SFC, but escapes harsher penalties for reporting regulatory breaches and for taking remedial action.
SFC sounds more warnings over cryptocurrencies
The SFC makes further warnings on cryptocurrencies and writes to exchanges and ICO issuers to ensure they are compliant with Hong Kong’s rules.
China’s fast-evolving shadow banks deepen links with formal sector
China’s rapidly evolving shadow banking sector has been affected by a raft of new rules, but is nonetheless finding ways to adapt and is deepening its links with the formal sector. By Justin Pugsley.
Japan planning shake-up of its regulatory system
Japan plans to revise its financial regulatory system to inject more competition in a move that could unleash fintech potential in the country.
SFC provides guidance on best execution
SFC provides licensed firms with guidance on best execution and safeguarding client interests
