The US Securities and Exchange Commission is expanding its investigation of investment banks’ hiring practices beyond JP Morgan and China. Other international banks with Asian operations are preparing to respond to requests for information, sources have told IFR.
Investment banks are struggling to hire enough people to fill expanding risk management and compliance teams in Asia as they invest more in operations that address new, often onerous, global regulations.
A Hong Kong commission of financial services professionals last week issued a scathing critique of the SAR’s market for real estate investment trusts, calling on authorities to fix an asset class that has seen only 10 listings since 2005.
- Equity research evolves in Asia
- BNY Mellon expands in Asia
- Jefferies targets Asian markets
- China firms in credit ratings push
- HK think-tank to tackle IPO woes
- VTB seeks to tap into China flows
- UK courts Chinese lenders