Compared to the US and EU's established financial services
regimes, Asia's regulators have largely been ignored by those
beyond its borders. That began to change last year, when the
region's supervisors begun asserting their extraterritorial
authority. China's Ministry of Commerce (Mofcom) has attracted
the most attention, delaying the merger between Glencore and
Xstrata and recently blocking a three-way freight merger.
But others are quickly joining them at the forefront. James
Shipton, director of intermediaries at Hong...