Peter Guy is Co-founder and Editor-at-Large of Regulation Asia. His analysis and coverage includes capital markets, private banking and asset management. Peter is a former banker and award-winning financial journalist. peter@regulationasia.com
Fintech / Regtech
Banks Need Regulatory Defence Against Tech Firms
16/08/2018
The Facebook controversy around user data hasn’t discouraged it from advancing its ambitions in financial services like payment and remittance processing.
Enforcement
ASIC Plan to Embed Staff Could Impede Banking Function
13/08/2018
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.
Market Infrastructure
China’s Opening Up to Foreign Third Party Online Payment Firms
06/08/2018
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.
Fintech / Regtech
China’s Ant Financial and WeBank – ‘Too Big to Regulate’
02/08/2018
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.
Enforcement
And Justice For All Banks
30/07/2018
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.
Fintech / Regtech
China P2P Lending Sector Survival Relies on Better Regulation
26/07/2018
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 industry to assure its survival.
Market Infrastructure
Misguided Derivatives Regulation Distorts Markets
23/07/2018
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.
Securities / Derivatives
The Hong Kong-China Stock (Dis)Connect
20/07/2018
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 Hong Kong.
Market Infrastructure
Brexit Shifts Regulatory Powers to Continental Europe
16/07/2018
The UK government’s Brexit white paper reveals disappointing support for London’s global role in financial regulations. London could be disintermediated as a financial centre.
Market Infrastructure
Shift from London Financial Centre Gains Pace
12/07/2018
With nine months to go before Britain’s scheduled exit from the EU, the effects of Brexit are largely unknown and will take years to resolve. Yet, banks and asset managers have already begun planning for the relocation of staff and offices as the continent clarifies its financial regulations.
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