The Securities and Futures Commission (SFC) has reprimanded Citigroup Global Markets Asia Limited (Citigroup) for failing to ensure its algorithmic trading systems functioned property for certain securities orders between April 2009 and May 2010.
Hong Kong Exchanges and Clearing’s new sponsor regime for listing applicants has been working well, curbing vetting time for applicants and improving quality of applications.
Taiwan's Financial Supervisory Commission chairman William Tseng said the country’s companies have a total of US$4.97 billion in exposure to renminbi-linked target redemption forward (TRF) financial derivative products with unrealized losses valued at US$2 billion.
ASIFMA, together with Standard Chartered and Thomson Reuters, launched a white paper that calls for the opening up of China’s capital markets and the internationalisation of the renminbi (RMB).
The Financial Services Authority (OJK) says it will coordinate closely with Bank Indonesia (BI) to improve the banking system in the country.
Hong Kong and the United States have concluded discussions on an inter-governmental agreement that will facilitate Hong Kong financial institutions' compliance with the US Foreign Account Tax Compliance Act.
Hong Kong Exchanges and Clearing (HKEx) has received approval from the US Commodity Futures Trading Commission (CFTC) to clear over-the-counter derivatives for US clients.
China issued new, detailed rules governing initial public offerings, in a move that may pave the way for new listings on mainland markets soon.
India’s market regulator and the country’s Financial Intelligence Unit have agreed to work together on combating money laundering and terrorism finance.
Crowd-funding that allows people to raise money for loans, causes, or projects through the web pose potential regulatory compliance issues and other investment risks.