Views on improving the integrity of global capital markets

Tony Tan, DBA, CFA

10 Posts


Tony Tan, DBA, CFA, is co-head of the CFA Institute Ethics, Standards, and Professional Conduct division. He is particularly responsible for ethics education offerings and the professional standards of CFA Institute. He is also a member of CFA Society Singapore.

Author's Posts
What Is Next for Keppel Corporation in the Aftermath of the Bribery Scandal?

Organizations need to understand what drives behavior and work to instill a true ethical mindset in their leaders and employees.

Political Motivation, Regulator and Industry Support Fuel Japanese Stewardship Code

The Japanese Stewardship Code is currently all the rage in Japan, driven by political motivation as well as regulator and industry support.

HFT Strategies: Why the Sudden Fuss over Speed Advantages?

Are HFT speed advantages wrong, or simply taking advantage of inefficiencies in an imperfect market?

Corp Gov OECD Principles Prompt Question: What Information Do Investors Really Want?

During a recent roundtable series in Mumbai, a group of corporate governance experts discussed disclosure and transparency enumerated in the OECD Principles of Corporate Governance.

Corporate Governance in India: The Rise of the Minority Shareholder

Recent regulatory developments in India signal a discernible shift toward empowering shareholders to hold management accountable for corporate affairs.

Turning Tide: Hong Kong Court Order Forces Insider Trader to Pay Victims

Landmark legal victory not only will help restore investor trust but also give market players strong incentives to play fair and square.

Sri Lankan Regulator Explains Country’s Capital Markets Turnaround Strategy

At the 66th CFA Institute Annual Conference held in Singapore in May, Tony Tan, CFA, head of the Standards and Financial Market Integrity division for CFA Institute in the Asia-Pacific region, interviewed Nalaka Godahewa, chairman of the SEC of Sri Lanka, on the development of the country’s capital markets.

The Role of Financial Advisers: What Should Clients Expect?

In recent times, there has been increased scrutiny of the role of financial advisers. In Singapore, this has taken the form of the Financial Advisory Industry Review recommendations. In Australia, such matters are under the purview of the Future of Financial Advice reforms while in India it falls to the Investment Advisors Regulation.

Asia’s Growing Pains: The “Crowding-Out” Effect of Financial Regulation

I was recently in India and had the opportunity to be part of a salon session discussing the future of finance. Throughout the discussion one common theme emerged: the consequences of too much regulation, and too soon — particularly important to an emerging economy like India whose financial markets are still developing.

Ethics Wake-up Call: Change Behavior before It’s Too Late

Max Bazerman and Ann Tenbrunsel wrote in their 2011 book, Blind Spots: Why We Fail to Do What's Right and What to Do about It, that we sometimes act unethically without even being aware of it. Why is that so? They call it “bounded ethicality.” This is explained simply as making decisions that are harmful to others and inconsistent with the beliefs and preferences of the decision makers’ conscious.

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