The Australian Securities and Investments Commission (Asic) is seeking feedback on draft guidance covering financial product design and distribution obligations. The new obligations come into effect in April 2021.
The Singapore affiliate company of London-headquartered HSBC holdings has launched new digital solutions to support its retail banking offering.
Product issuance in November decreased by more than 12% compared to the previous month, with 1,169 products issued in the retail segment.
HSBC private banking has hired four senior executives to strengthen the key areas of family advisory services and philanthropy within its private wealth solutions business in Asia Pacific.
Bank of America Merrill Lynch has hired Arnaud Davoust as a managing director and head of equity derivatives distribution, Asia Pacific (Apac).
The issuance and sales volume of structured products in the Asia-Pacific region has shrunk significantly in 2019, compared to last year.
The Financial Services Commission (FSC) has released new guidelines to strengthen investor protection with high-risk investment products.
Despite the recent controversy around equity-linked securities (ELS) and derivative-linked securities (DLS), ELS/ equity-linked bond (ELB) issuances will hit KRW89 trillion in 2019 and KRW91 trillion in 2020, while DLS/derivative-linked bonds (DLB) issuances will reach KRW26 trillion in 2019 and KRW27 trillion, respectively, in 2020, according to Samsung Securities.
The Chinese Securities Company has entered Hong Kong’s warrants and CBBC market after qualifying as a listed structured products issuer by with the Hong Kong Stock Exchange.