AsianInvestor's regulatory roundup, Apr 30
Fund houses slam FSB proposals; Singapore, Taiwan bourses set for cross listing; Australia signs up for Fatca; IPO process thawing in China; mainland authorities tighten shadow banking rules.
International: Global fund houses slam FSB proposals
Some of the world’s largest fund houses have criticised a consultation on whether big asset managers should be labelled as 'global systemically important financial institutions' (G-Sifis) and therefore more heavily regulated.
BlackRock takes issue with the proposals from supranational body the Financial Stability Board, arguing that fund firms undertake transactions on behalf of clients rather than managing assets on their own …
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