Asia-PacificRSS
President Xi

China’s regulatory crackdowns fray foreign investors’ nerves

Mounting regulatory and political pressures are pulling apart capital markets of the world’s two biggest economies, even as Wall Street firms ramp up their presence in China. 

Hong Kong regulators focus on ferreting out concentration risks following Archegos failure

Hong Kong’s regulators are developing systems to detect concentrated exposures in equities to help prevent another Archegos Capital Management type failure.

Liew Chin-Chong

Futures law reform to bolster China’s capital markets

Recently announced changes to China’s futures laws will have a profound impact on the country’s financial sector and are another step towards the internationalisation of the renminbi.

Covid-19 vaccinations are critical part of operational risk management says SFC

Ensuring staff in financial firms are vaccinated against Covid-19 should be considered as a critical part of operational risk management, the Hong Kong Securities and Futures Commission (SFC) said in a statement on June 1. 

SFC breaks up market misconduct syndicate

Members of a syndicate suspected of market misconduct and fraud were arrested on April 22 by the Commercial Crime Bureau at the behest of The Hong Kong Securities and Futures Commission (SFC). 

HKMA and SFC launch consultation on OTC derivatives list

A joint consultation on the annual update to the list of financial services providers under the over-the-counter (OTC) derivatives regime has been launched by the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC).

Monetary Authority of Singapore

Singapore Libor transition plan “aggressive but achievable”

Singapore is poised to take the next step in transitioning its interest rate benchmark in April with a ban on issuing swap offer rates (SOR) cash products, as the city-state also sticks to its target to transition most SOR derivatives by end of the third quarter, 2021 - a plan which the country’s leading bank says “is aggressive but achievable”.

SFC clamps down on market manipulation scheme and announces arrests

The Hong Kong Securities and Futures Commission (SFC) has shut down several market manipulation schemes in the Chinese territory leading to trading accounts being frozen and even some arrests. 

Tony Cripps

Singapore prioritises transition activities in its green taxonomy

The overwhelming focus on transitioning the world economy to green technologies such as solar energy has a simple drawback: it fails to place value on minimising emissions over the coming decades of existing brown industries like generating electricity from fossil fuels. 

ASIFMA calls for consistent regulatory approach to use of cloud by financial firms

The application of cloud computing by financial firms is excessively complex due to conflicting regulatory requirements across jurisdictions, according to the Asia Securities Industry & Financial Markets Association (ASIFMA), which is calling for the promotion of a consistent and globally aligned framework governing its use.