All posts tagged "Asset Managers"
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661Asia-PacificFirms Lagging in Preparations for UMR Compliance: Survey
State Street found that 19% of Phase 5 and 6 firms are fully prepared for UMR compliance. Hedge funds are said to be the least prepared for compliance.
September 19, 2020 -
170Asia-PacificBOT Enhances Fair Service Rules for Banks, Asset Managers
Besides banks and their subsidiaries, the rules have been extended to cover also asset managers and nanofinance operators.
September 17, 2020 -
508SingaporeSingapore Fund Industry to Collaborate to Address Skills Gap
The first phase of the initiative will equip asset management trainees with foundation skills as well as future-ready skills in fintech, impact investing and ESG.
September 17, 2020 -
216IndiaSEBI Directs Multi Cap Funds to Raise Exposure to Smaller Stocks
New guidelines will force multi cap funds to dump large cap stocks in favour of small- and mid-cap stocks by January 2021.
September 14, 2020 -
382India
SEBI Revises Mutual Fund Side Pocketing Standards
Previously, only debt securities downgraded below investment grade can be side pocketed. Side pocketing will be allowed for even higher-rated debts that are restructured due to Covid-19.
September 9, 2020 -
487AML / KYCHong Kong Financial Firms Step Up Compliance Hiring – Report
The demand for compliance staff has reportedly risen by a third in the past few months. Lawyers with sanctions expertise are in particularly high demand.
September 8, 2020 -
622ChinaCSRC Grants Citigroup Fund Custody Licence in China
Standard Chartered is the only other foreign bank to have obtained a fund custody licence in China. Citi becomes the first US bank to do so.
September 3, 2020 -
640Capital RegulationSGX to Offer Free Analytics to Facilitate UMR Preparation
Through a partnership with Cassini Systems, SGX will provide market participants the analysis needed to understand how they can reduce the UMR cost burden.
August 27, 2020 -
1.8KBig PictureSingapore Fund Managers Expect Covid to Accelerate ESG Investing
A new survey by IMAS found that two-thirds of Singapore fund managers expect the adoption of ESG investing to accelerate as a result of the Covid-19 pandemic.
August 14, 2020 -
1.7KBig PictureVirtual Banks Could Shake Up Funds Industry – Report
Successful virtual banks are likely to branch out into wealth management services, robo-advisory and fund distribution, says a new Calastone paper.
July 3, 2020
