Representatives from Europe and Asia Pacific’s regulatory bodies met in Singapore on Friday to hold “in depth, closed-door” discussions on financial regulation and collaboration.
Regulation is moving at such a fast pace that within five years all financial services markets around the world will ban commission and implement an RDR-like regime, Jasper Berens, head of UK funds at JPM Asset Management has predicted.
Hong Kong’s Securities and Futures Commission has publicly scolded and fined HSBC for regulatory breaches and internal control failings.
Companies with a sound corporate governance culture have significantly outperformed their poorly governed competitors since the beginning of 2009, according to fresh research by Hermes Investment Management.
Hong Kong's Securities and Futures Commission (SFC) has banned two former HSBC employees from re-entering the financial services industry for life after they were convicted of fraud.
Wealthy investors in Singapore may soon be able to choose to be covered by the same protections as retail investors under proposals from the Monetary Authority of Singapore (Mas).
The Securities and Futures Commission (SFC) has fined BNP Paribas Wealth Management HK$4m ($515,664) for overcharging its clients.
A former fund manager at China Post & Capital Fund Management was jailed for 3.5 years and fined RMB 17m ($2.55m) for trading undisclosed information, China Securities Regulatory Commission said.