Markets & Infrastructure

Conduct, Culture & Accountability

CSRC Punishes Firms Over Investment Banking Internal Controls

By Manesh Samtani | 24/10/2024

The CSRC suspended the bond underwriting businesses of two securities firms for 6 months, and imposed administrative measures on a further 11 firms and 43 individuals.

Structural Regulation

HSBC Announces Restructuring of Business Operations to Boost Efficiency

By Nithya Subramanian | 24/10/2024

HSBC said the new structure will reduce duplication of processes and decision making and result in greater agility in serving customers.

Cybersecurity

US SEC Fines Four Companies Over Misleading Cyber Disclosures

By Mark Johnston | 24/10/2024

The four companies provided misleading disclosures about cybersecurity breaches associated with the SolarWinds hack.

Structural Regulation

China Approves New Insurance Units by BNP Paribas, Prudential

By Editors | 24/10/2024

The NFRA approved the creation of a property insurance joint venture between BNP and Volkswagen Financial Services; and an insurance asset management firm by Prudential Financial.

Operational Risk

APRA to Intensify Scrutiny of Super Fund Expenditures

By Thisanka Siripala | 24/10/2024

RSE licensees will have to demonstrate how they determine that expenditures are in members’ best interests and how they are related to enhancing performance.

Cloud & Infrastructure

Hong Kong Digital Banks Gaining Public Trust and Adoption: HKAB

By Mark Johnston | 24/10/2024

A recent survey by the Hong Kong Association of Banks reveals a surge in public trust and awareness of digital banks in the city.

Market Abuse

SEBI Extends Insider Trading Regulations to Mutual Funds

By Nithya Subramanian | 24/10/2024

Starting next month, AMCs must disclose the details of the designated persons, trustees and immediate relatives, as well as their holdings.

Trading & Investment

RBI Expands Access to Electronic Trading Platform for G-Secs

By Mark Johnston | 24/10/2024

Access to NDS-OM will expand to regional rural banks, local area banks, NBFCs, provident funds, pension funds, and regulated MIIs.

Structural Regulation

Vietnam to Ease Account Opening Process for Foreign Investors

By Nithya Subramanian | 24/10/2024

The SBV is drafting a circular to simplify the opening and management of Vietnamese dong-denominated accounts for foreign investors.