Regulators talk up plans for cross-border taskforce

Securities regulators in Hong Kong and Australia have voiced optimism about a taskforce they plan to set up to facilitate cross-border coordination of rules between institutional investors. Viewed as a more realistic approach to regional fragmentation than funds passporting, the bodies aim to establish a toolbox of common solutions to bridge different regulatory jurisdictions. “If we can come up with a template of principles to deal with issues, that would then show how this reg…