Markets & Infrastructure

Structural Regulation

JPMorgan, Morgan Stanley to Take Control of China JVs

By Editors | 06/07/2019

JPMorgan is likely to become the first foreign firm to gain a controlling stake in an asset management joint venture in China, while Morgan Stanley may soon control its China securities unit.

Conduct, Culture & Accountability

SFC Warns Against Misconduct Involving Acquisitions, Disposals

By Editors | 06/07/2019

Directors of listed companies have a duty to exercise due and reasonable care, skill and diligence when evaluating or approving the acquisition or disposal of a company or business.

Data Privacy

Australia: Consumer Data Right Legislation Could Delay Open Banking

By Editors | 05/07/2019

The Consumer Data Right Bill is needed for banks to be able to transfer their customers’ personal data to another institution, a cornerstone of the open banking initiative.

Structural Regulation

CBIRC Green-Lights Three City Commercial Banks’ WMP Units

By Editors | 05/07/2019

Bank of Hangzhou, Bank of Ningbo and Huishang Bank will form the first batch of city commercial banks to join larger rivals in setting up wealth management subsidiaries.

Trading & Investment

Vietnam Launches Covered Warrants, Govt Bond Futures

By Editors | 04/07/2019

The Ho Chi Minh City Stock Exchange has launched trading in covered warrants; the Hanoi Stock Exchange has launched a new government bond futures contract.

Cybersecurity

Asia Ahead of Other Regions in FinTech: IMF

By Editors | 04/07/2019

Policymakers are facing a balancing act between keeping up with the pace of fintech development and trying to ensure risks are well understood and mitigated.

Supervision & Enforcement

Hong Kong Hedge Fund Penalised by CFTC, CME

By Editors | 04/07/2019

Elephas Investment Management was found to have violated wheat futures speculative position limits established by the CFTC.

Structural Regulation

ASIC Proposes Licensing Relief for Foreign Funds Managers

By Editors | 04/07/2019

ASIC proposes to exempt foreign fund management providers from the requirement to hold an AFS licence to provide services to professional investors in Australia.

Structural Regulation

Singapore Digital Banks to Disrupt Smaller Incumbents the Most

By Editors | 04/07/2019

Singapore’s big banks will be able to defend against new digital entrants, while small foreign-owned incumbents will face the greatest disruption risk, says Moody’s Investors Service.