Many financial firms may be offering ESG products only because it is lucrative to do so, says SEC commissioner Hester Peirce.
BaFin has been under fire since mid-last year for failing to properly respond to multiple red flags signalling an accounting fraud at Wirecard.
Some warrants issued to early SPAC investors may have been recorded as equity instruments when they should have instead been recorded as liabilities.
The QDLP pilot programme will enable foreign fund managers to raise money in Hainan for investments overseas.
Nomura has set up the team to look into the bank’s risk management practices. It plans to disclose details of Archegos loss in late April.
Chief executive Hiromi Yamaji says the TSE will urge companies to step up efforts on ESG issues based on their market classification.
The financial holding company will be separate from JD Digits’ other technology businesses, and is aimed at achieving compliance with new rules for China’s fintech sector.
Foreign FIs will be encouraged to establish joint venture banks with local firms. Foreign investors will be allowed to invest in financial products issued by Hainan FIs.
The experience requirement for auditors in the capital markets has been reduced from a minimum of 10 years to seven years.
The merger will enable companies to better leverage the capital market for growth and improve overall efficiency, the SZSE said.