Asia-PacificRSS
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.

SFC consults on its conduct expectations for book building and placement activities

The Hong Kong Securities and Futures Commission (SFC) is asking for feedback on its clarifications on the conduct standards it expects from intermediaries in equity and debt capital raisings. 

GET-Ashley ALder 144996504

Regulators to give climate finance a bigger push

National supervisors and the International Organization of Securities Commissions (IOSCO) are looking at more coordinated and accelerated efforts to push forward the climate finance agenda, said Ashley Alder, chief executive officer at Hong Kong’s Securities and Futures Commission (SFC).