Markets & Infrastructure

Structural Regulation

AllianzGI Applies to Open New Fund Business in China

By Editors | 29/03/2023

Allianz already owns 49 percent of a China joint venture. The new licence, if granted, will help it boost its presence in China’s mutual fund market.

Structural Regulation

ASIC Fines ALT Financial Group for Failing To Lodge Financial Reports

By Editors | 29/03/2023

The fine was one of the largest ever issued by ASIC for failures to lodge financial reports. ALT Financial Group was convicted in absentia on 13 ASIC charges.

Trading & Investment

Credit Agricole Launches Investment Banking Unit in China

By Editors | 29/03/2023

The new investment banking unit will focus on cross-border M&A, encompassing purchases, disposals and capital raising.

Conduct, Culture & Accountability

FINMA May Discipline Credit Suisse Managers

By Editors | 29/03/2023

FINMA president Marlene Amstad said Credit Suisse had a cultural problem and made numerous mistakes over several years.

Payments & Settlements

CPMI Calls for Action to Boost PvP Adoption in FX Trades

By Editors | 29/03/2023

CPMI proposes steps private and public sector stakeholders can take to foster greater PvP adoption in FX trades to reduce settlement risk.

Trading & Investment

LME Resumes Asian Hours Trading in Nickel

By Editors | 29/03/2023

The LME hopes the expanded hours will boost nickel trading volumes, which were little changed on Monday.

Structural Regulation

CSRC Proposes to Update Rules for Futures Companies

By Editors | 28/03/2023

Futures companies will be allowed to expand their business scope to areas like consulting, market-making, proprietary trading and asset management.

Conduct, Culture & Accountability

UK Launches Review of Whistleblowing Framework

By Editors | 28/03/2023

The review will assess whether the whistleblowing framework is operating effectively, meeting its original objectives, and adequately protecting whistleblowers.

Structural Regulation

Alibaba to Split Into Six Independent Business Units

By Editors | 28/03/2023

Under a holding company structure, each unit will have its own board of directors, operate with autonomy, and raise funds independently including through spin-offs and IPOs.