Rocky Tung is a director of capital markets policy for the Asia-Pacific region at CFA Institute. He is based in Hong Kong and is responsible for conducting research projects related to capital market structures in the region. He has over a decade of experience in economic and policy research, working closely with business leaders, government officials, academics and other stakeholders.
After some hiccups earlier this decade, talks of permitting the listing of companies with dual-class share (DCS) structures have gained traction in Hong Kong and Singapore, two major financial centers in Asia .
The Trump administration is considering pushing for Federal Reserve Governor Randal Quarles to become the next chairman of the Financial Stability Board, sources say. Financial Times (tiered subscription model) (15 Mar.)
If President Donald Trump wants to eliminate obstacles to trade, he should drop tariffs on steel and aluminum and reopen negotiations on a US-EU free trade deal, European Council President Donald Tusk said. "Instead of risking a trade war, which he seems eager to wage, we should be aiming for greater cooperation," Tusk said. Politico (15 Mar.)
The Securities and Exchange Commission will answer questions regarding when an adviser is deemed to have custody of a client's funds that stem from February 2017 guidance, said Paul Cellupica, deputy director of investment management. "We want to come up with the right answer, and maybe it's not just a simple answer," he said. InvestmentNews (tiered subscription model) (15 Mar.)
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