Singapore is attempting to boost its appeal to asset managers with the digitisation of a recently launched fund structure, which some in the industry believe will be a game-changer for the city state.
Asia-Pacific
Evergrande: a watershed moment for China’s regulators
China’s regulators have turned sour on the nation’s most high-profile — and the world’s most indebted — property developer, Evergrande. Experts predict its demise is unlikely to batter the banking sector, but are sceptical as to whether China can steer an orderly deflation of its property bubble.
Faltering Evergrande unlikely to become a ‘Lehman’ moment
China’s second largest property developer China Evergrande Group with $310bn in debts, is near bankruptcy, but analysts do not believe the global financial system faces a ‘Lehman Brothers’ moment.
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.
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).
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”.
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