It might have nothing to do with you now, but distant financial and geopolitical events’ cascading effects are emerging as the biggest threat to institutional risk managers.
Asset managers and asset owners alike should not rely on ESG specialists from abroad, as developing local expertise is critical in the market, said KPMG and HKIFA.
Beijing will likely require asset owners play a bigger role in ESG investing as part of broader sustainability plans when it announces its five-year plan later this year, according to KPMG.
Philippines plans to implement ARFP; Mutual recognition a matter of timing, says Lam; Malaysia issues crowdfunding rules; Water Oasis ex-CEO admits to insider trading; Accountants settle US case.
Authorities release draft regulations for the pending scheme to link the two bourses, although updates on taxation and how trades can be placed are still to be announced.
Multinational fund houses with operations in Asia are being urged to pay attention to new proposals by OECD members to clamp down on tax loopholes over the next two years.
Sponsors in Asia will have to come up with more innovative ways to exit investments if they want to attract investors' capital to the region, industry players agree.