EU rules could lead to more fee transparency in Asia, says Sidley’s Ng

European rules that will forbid broker commissions from being used to pay for investment research and force banks to disclose how commissions are being spent could have a knock-on effect in Asia, argues a senior lawyer. This is because institutional investors outside Europe may ultimately demand this sort of level of transparency from banks in their own markets, said Leonard Ng, co-head of the regulatory practice in London at Sidley Austin. EU dealing commission rules state that…