The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Regulation: Asia’s regulators push ahead with reform

Singapore encourages hedge fund start-ups; Billarook sees regional competition intensifying

Regulators in Asia are moving ahead independently of one another on reform of a variety of financial markets practices, without waiting for the results of parallel discussions in the west, according to sources investigating the trend. Although in the past Asian regulatory regimes have often taken guidance from the west, the retooling of those Asian systems that took place after the Asian crisis, Asia’s subsequent performance in the latest global crisis and a growing sense of regional competition have all contributed to the present trend.

"Asia’s regulators are moving pre-emptively on a range of reforms"

James Mudie, Billarook

James Mudie, Billarook


"We are seeing how Asian regulators are no longer effectively price takers from a global perspective," says James Mudie, managing director at Billarook, a firm engaged with senior executives at financial institutions in Asia on asset-related and regulatory issues. "Instead, Asia’s regulators are moving pre-emptively on a range of reforms, as for example in Hong Kong and Singapore, where we have seen new frameworks for hedge funds implemented." Confidence

That push for reform stems from the confidence Asia’s regulators now have as they survey the carnage in western markets, and perhaps conclude that work done in a previous crisis has left Asia’s markets in relatively good shape.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree