Asia
Robo-advisers on the rise, CFA survey shows
Robo-advisers will have a significant impact on the financial services industry over the next five years, a global fintech survey by CFA Institute showed.
Hong Kong regulator signs MoU with US counterpart
Hong Kong’s Securities and Futures Commission (SFC) has signed an agreement with the Financial Industry Regulatory Authority (FINRA) of the United States regarding the supervision and oversight of regulated entities operating cross border between the two jurisdictions.
Singapore opens up corporate bonds to retail investors
Corporate bond issuers in Singapore will find it easier and cheaper to tap into the retail market after the country’s monetary authority (MAS) introduced two new regulations that will open up corporate bond offerings to retail investors.
China’s Bosera to launch three MRF products
The firm has bond, equity and mixed asset funds ready for launch in Hong Kong on 1 June, said head of intermediary business Laurence Lo.
HSBC Australia to compensate structured product clients
HSBC Bank in Australia has reached a deal with the industry regulator to compensate clients who received “potentially deficient advice” on retail structured products sold between January 2009 and March 2013.