A number of leading international banks, reported to include Credit Suisse, UBS Warburg and Merrill Lynch, have privately voiced concern about the shareholder structure of iX
, the planned merger of the London Stock Exchange (LSE)..
The recent popularity of dotCom businesses has raised concerns in the Kuala Lumpur Stock Exchange (‘KLSE’) of the viability of some of these ventures. To safeguard the interests of investors, the KLSE has issued Practice..
On 2 April, the Government launched a three-month consultation exercise on the Securities and Futures Bill, which has been issued in the form of a White Bill.
Under the proposed bill, major new regulatory measures include..
Currently solicitors and professional accountants are exempt from the requirement that persons giving advice on securities should obtain a licence, provided that the advice given is wholly incidental to the practice of their respective professions.
The revised Hong Kong Code on Takeovers and Mergers (the revised Takeovers Code) was gazetted on 24 March 2000. The revised Takeovers Code is effective from 1 April 2000. Some of the principal areas revised..
The Securities and Futures Legislation (Provision of False Information) Bill 2000, which was gazetted on 3 March 2000 and had its First and Second Readings on 15 March 2000 in the Legislative Council, will make..
At its meeting this month in Naples the Forum of European Securities Commissions (FESCO) issued a consultation paper, FESCO/99-098e, on its proposal for a European passport for issuers, as part of its contribution to the..
The Steering Committee on Regulatory Capital was set up especially to lead the IIFs efforts to respond to the proposed new capital framework. While supporting the decision to update ‘an outmoded capital framework’, the Steering..
The report begins with re-iterating the Working Group’s strong support for “the Basel Committee’s efforts to create a more risk-sensitive regulatory capital framework that works with the grain of the markets to foster systemic stability.”..
On April 12 the Institute of International Finance (IIF) published its response to the Basel Committee’s June 1999 consultative paper, “A New Capital Adequacy Framework”. The IIF’s response takes the form of two reports, from..