Equities

Reuters alone with news Hong Kong, Singapore in talks to grab bigger share of derivatives business

Reuters alone with news Hong Kong, Singapore in talks to grab bigger share of derivatives business

Reuters exclusively revealed that Hong Kong and Singapore are seeking to snare a bigger share of the $540 trillion global derivatives business, taking advantage of tough new UK and European banking rules and uncertainty created by Britain’s plans to leave the European Union. Over the past five months, regulators from the two Asian financial centers have been separately holding talks with the Asia Securities Industry and Financial Markets Association.