Markets & Infrastructure

Conduct, Culture & Accountability

HKMA Chief Urges Hong Kong Companies to Improve Corporate Governance

By Garima Chitkara | 23/11/2017

Hong Kong financial companies need further improvements to guard against risky behaviour.

Conduct, Culture & Accountability

HSBC Private Bank Fined $50mn for Crisis-era Product Mis-selling

By Editors | 23/11/2017

Securities and Futures Appeals Tribunal says future fines will be similarly large and exceed ‘mere cost of doing business’.

Trading & Investment

Hong Kong to Continue to Allow Mutual Fund Sales Commissions

By Editors | 20/11/2017

Securities and Futures Commission says Hong Kong is not ready to ban commissions and introduce a pay for advice model.

AI Risk & Governance

The Final Frontier of Financial Regulation

By Peter Guy | 20/11/2017

FSB’s recent paper on artificial intelligence and machine learning reveal how far we are from managing its unknown effects on financial markets.

Alternative Markets

Korea to Launch New OTC Market for Professional Investors

By Editors | 20/11/2017

Existing OTC platform has not been successful due to institutional investors’ concerns about having to give details of their trading strategies.

Market Data & Technology

Japanese Banks Call for Simplified UPI Rules

By Editors | 20/11/2017

Bankers Association says its members already provide legal identifiers under local regulation and the rules of countries in which they operate.

Structural Regulation

Europe Tightens Rules on Overseas Credit Rating Endorsements

By Editors | 20/11/2017

Regulator says about two thirds of credit ratings used for regulatory purposes in the EU cover non-EU issuers of financial instruments.

Cybersecurity

MAS MD Sets out Fintech Regulation Agenda

By Editors | 16/11/2017

Ravi Menon sets out raft of initiatives including new Payment Services Bill, technology risk management guidelines, machine readable forms.