All posts tagged "Conflicts of Interest"
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709Big PictureFMSB Offers Guidance on LIBOR Transition Conduct Risks
Uncertainties associated with the transition may make it harder for firms to identify how to treat their customers fairly, and to demonstrate that they have done so, the FMSB says.
June 12, 2020 -
329IndiaIndian Court Halts Franklin Templeton Fund Liquidation
Franklin Templeton had planned to allow unitholders to vote on whether to allow six shuttered funds to be liquidated, but the Court says it must first release a forensic audit report on the funds in question.
June 11, 2020 -
222KoreaS. Korea to Introduce New Measures to Enhance ABS Markets
The requirement for ABS issuers to be rated BB or higher will be removed to facilitate the use of securitisation for SME and startup financing, among other measures.
May 21, 2020 -
766FeatureHKMA, SFC to Jointly Review OTC Product Pricing at Intermediaries
The thematic review will assess the spreads intermediaries charge for non-exchange traded investment products such as bonds and structured products.
May 19, 2020 -
1.1KFeatureMalaysia: SC Allows E-wallet, E-payment Firms to Distribute Investment Products
Operators of e-wallet or e-payment applications can register with the SC and partner with capital markets licence holders to distribute investment products to investors.
May 5, 2020 -
453Korea
S. Korea Enhances Flexibility for Financial Investment Businesses
The legislative revisions will allow firms greater flexibility to implement Chinese walls and outsource key functions, while allowing for harsher penalties when issues arise.
May 5, 2020 -
1.0KAsia-PacificAustralia, NZ, China, Japan Get Low Grades on Fund Regulation, Tax
Australia, New Zealand, China, Japan are among the nations that have received the lowest scores on tax settings and regulatory regimes for the managed funds industry, according to a new Morningstar study.
May 1, 2020 -
624FeatureSFC Raises Concerns with Leveraged Foreign Exchange Trading
Brokers reported that more than 60% of clients who engage in leveraged foreign exchange trading made net trading losses, some in excess of HK$1mn.
April 10, 2020 -
700Australia & NZASIC, APRA Offer Best Practice Recommendations on LIBOR Transition
ASIC, APRA and the RBA warn that a failure to transition to alternative reference rates could lead to significant reputational, operational and legal risk and disrupt financial markets.
April 8, 2020 -
423Enforcement
SFC Bans Former China Rise CEO for Naked Short Selling
The ex-CEO was banned for 28 months for placing - and concealing - uncovered short selling orders through his personal account and a client's discretionary account in 2014.
April 1, 2020
