Though the CLSA-CITIC fallout was characterised as a cultural clash, this narrative frays against the other challenges facing stock brokers and investment bankers, says Peter Guy.
President Trump's proposal to shift earnings reporting from quarterly to just every six months will mean less transparency, which will be harmful to investors and the public.
The Facebook controversy around user data hasn’t discouraged it from advancing its ambitions in financial services like payment and remittance processing.
ASIC's plan to embed its own staff as officers at major Australian banks will affect risk taking and how the Australian public is served by the financial services industry.
Stricter regulations are intended to limit abuses, improve government oversight and allow the entry of foreign enterprises for the first time. But, a more comprehensive framework is needed to manage systemic risk posed by the sector’s rise.
The Chinese government has allowed unregulated online participants to innovate and grow in a sector traditionally dominated by state banks. Systemic risk has increased by not imposing strict and comprehensive regulatory regimes.
Directly fining banks for the misdeeds of former executives has proven to be unproductive. Yet, determining personal liability for individual bank officers continues to be an elusive and difficult task.
P2P platform failures due to liquidity shortfalls have crippled a key source of retail credit for consumers and small businesses. The future of P2P lending in China. Regulators need to play a more dominant role in this growing and unruly...
Basel’s new capital rules have impacted global derivatives markets by purging participants and liquidity. Whether or not this was the intended outcome, it will create onerous costs for entire markets and consumers.
The battle for large cap tech listings between HKEX and mainland exchanges ignited over Xiaomi this week, indicating that China’s strategic goal might be to prevent home-grown, multi-billion dollar “unicorn” companies from seeking listings on any overseas markets – including...