China is taking a zero-tolerance stance towards financial fraud, insider trading and market manipulation, warned Yi Huiman, chairman of the China Securities Regulatory Commission (CSRC) at a national investor protection day event.
Ashley Alder to lead SFC for three more years from September
Ashley Alder, the CEO of the Securities and Futures Commission (SFC), who was due to step down in September, will stay in charge for another three years, according to the Hong Kong government.
BIS appoints head for its Hong Kong innovation centre
Bénédicte Nolens has been appointed to head the Bank for International Settlements (BIS) Hong Kong innovation centre for three years starting July 1, 2020.
Temporary easier SLR requirements widened to other banks
US federal prudential regulators have widened temporary restrictions within the supplementary leverage ratio (SLR) to include more banks.
EU legal order under threat from German court ruling
Germany’s supreme court dealt a body blow to the EU by asserting the supremacy of the member states and by challenging the mandate of the European Central Bank and Court of Justice, potentially unpicking the bloc’s legal order
Covid-19 disrupts shift to risk free rates and regulators' deadline
The US Federal Reserve dropping SOFR in favour of Libor for a major funding programme has sparked mixed views as to whether this signals problems for the replacement risk free rates or if it is a minor hiccup.
Hong Kong’s financial hub status in question after US comments
Threats from the US to end Hong Kong’s special trading status pose a potential long-term threat to the city’s role as a global financial centre. By Justin Pugsley.
Covid-19 worsening existing financial vulnerabilities - IMF
The Covid-19 pandemic is exposing and exacerbating financial vulnerabilities built up over a decade of low interest rates and volatility, warn two IMF officials, who also urge scrutiny of non-banks. By Justin Pugsley.
China hits back at US bill that could delist Chinese companies
The US Senate has passed a bill that would force Chinese companies listed in the US to comply with national securities law. By Justin Pugsley.
Bank of England tells UK banks to prepare for a ‘hard Brexit’
Bank governor Andrew Bailey has warned chiefs to get ready for a ‘no deal’ scenario at the end of 2020. By Justin Pugsley
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