REGULATION

Disclosure issue prompts exit of StanChart’s regional CEO

Disclosure issue prompts exit of StanChart’s regional...

Ajay Kanwal has resigned from his role as regional CEO for Asean and South Asia at Standard Chartered, with immediate effect.

Published : 29, Nov 2016
CSRC acts on illegal Stock Connect trades

CSRC acts on illegal Stock Connect trades

The China Securities Regulatory Commission has made its first crackdown on an illegal transaction via the Shanghai-Hong Kong Stock Connect.

Published : 21, Nov 2016
Modi’s daring reform move gets little notice

Modi’s daring reform move gets little notice

Overshadowed by the US presidential election last week was a “bold and historic” move by the Indian government to ban 500 and 1000 rupee currency notes, which is expected to be “transformational” for the economy in the medium term, asset managers said.

Published : 14, Nov 2016
Ex-offenders in Singapore can work in financial services

Ex-offenders in Singapore can work in financial...

The Monetary Authority of Singapore (MAS) has no rules against hiring ex-offenders for positions in the financial services sector, deputy prime minister Tharman Shanmugaratnam has confirmed.

Published : 11, Nov 2016
Singapore and Hong Kong race for fintech edge

Singapore and Hong Kong race for fintech edge

Regulators are moving at uncharacteristic speed, signing cross-border fintech agreements, creating `sandboxes' and talking up the advantages of their home markets as fintech innovation hubs.

Published : 4, Nov 2016
Ex-BSI wealth planner’s 1MBD trial starts in Singapore

Ex-BSI wealth planner’s 1MBD trial starts in Singapore...

A former BSI Bank wealth planner went on trial in Singapore on Monday for attempting to pervert the course of justice as part of the investigations into the 1Malaysia Development Bhd (1MDB) money laundering scandal.

Published : 1, Nov 2016
HK bans short-seller for five years

HK bans short-seller for five years

The Hong Kong Market Misconduct Tribunal ruled that Andrew Left, the founder of Los Angeles-based short-seller Citron Research, has to repay HK$1.6m ($206,250) of net profits from short-selling China Evergrande Group in 2012.

Published : 20, Oct 2016
Asia-Pac, EU regulators meet behind closed doors in SG

Asia-Pac, EU regulators meet behind closed doors...

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.

Published : 17, Oct 2016
The world will ban commission within five years, says JPMAM

The world will ban commission within five years,...

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.

Published : 19, Sep 2016
Regulator slaps HSBC with HK$2.5m fine

Regulator slaps HSBC with HK$2.5m fine

Hong Kong’s Securities and Futures Commission has publicly scolded and fined HSBC for regulatory breaches and internal control failings.

Published : 15, Sep 2016

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