Due for implementation in Q4, the new system will apply an industry-wide common standard to investment product risk ratings to improve reliability and comparability for investors.
January 30, 2023A ban on banks paying inducements to distributors, brokers and investment advisors would fundamentally change banking business models.
January 12, 2023MAS proposes to widen the Guidelines to explicitly include all FIs and the corresponding products and services that they offer to their customers.
December 15, 2022The new guidance covers investment product suitability, concentration risk assessments, and the sale of loss-absorption products.
October 25, 2022HSBC has reportedly sent a letter to most of its Russian retail clients in Hong Kong saying it is unable to provide them investment services because of sanctions imposed by the EU.
October 18, 2022ASIC put a "legally incorrect case" and the primary judge made orders "based on a legally correct case not put", the court said.
September 22, 2022Being ‘true to label’ is a regulatory must-have when it comes to sustainability-related products, says ASIC deputy chair Karen Chester.
June 14, 2022Details on the SDRs were omitted from a new financial services bill outlined during the Queen’s Speech last week.
May 16, 2022Having three different rulebooks for investment products opens the door to inconsistent treatment, rule arbitrage, and confusion for issuers and investors.
April 29, 2022The relationship manager asked clients to pre-sign blank instruction forms so he could place trades for their accounts without having to inform them in advance.
March 30, 2022