02/16/2021
The total overcharged interest exceeded $2.2 million. ASIC considers that CBA’s conduct in this matter, which was examined in detail during the Financial Services Royal Commission, resulted from inadequate systems and processes (20-305MR).
02/15/2021
Bank of Korea under pressure to tackle digital currency development, payment settlement oversight and mandate issues
02/15/2021
Territory’s banks will have to monitor transactions by politically connected mainlanders
02/15/2021
The revised SPM also enhances the role of senior management oversight in implementing the Code of Conduct, and fostering and maintaining ethical standards and expected values set by the Board throughout the bank.
02/15/2021
Existing investors in NBFCs may continue with their investments and bring in additional investment to support continuity of business in India.
02/12/2021
Falinski referred to limited personal advice as being a “very dangerous form of advice” and suggested it was doing consumer harm and asked what action ASIC was taking to shut it down.
02/12/2021
According to Mrs Auramon, Thai exporters are entitled to myriad benefits from the pact, notably for trade in goods for which Hong Kong has already waived customs duties.
02/12/2021
SEC has also taken into consideration the megatrends and views of stakeholders in all areas to further develop the Thai capital market.
02/12/2021
The central bank additionally has reduced the required investment per management account in a commingled fund from PHP 1 million to PHP 100,000.
02/12/2021
A table summarising the progress made in the handling of banking complaints by the HKMA is attached.
02/12/2021
The court of appeal found that evidence from two witnesses should not have been admitted at his trial.
02/12/2021
At least five banks – CIMB, Affin Bank, Hong Leong Bank, AMMB Holdings and Standard Chartered – have also signalled their interest in pursuing a licence.
02/12/2021
ASIC determined that a permanent ban from the provision of financial services was appropriate given the Court’s findings.
02/12/2021
There is nothing stopping Martin Place tweaking the size of the program at any time, just as it did with the Term Funding Facility in September 2020.
02/11/2021
The BLF says it has sacked Yu and is demanding compensation from the three firms.
02/11/2021
The bank made the decision in 2010 not to report the $3.75 million theft despite Mr Vrettakos making full admissions at the time and offering to provide information implicating other members of staff.
02/11/2021
SEC therefore proposes the principle and the draft regulation which would require the auditor to report to the Audit Committee of securities company
02/11/2021
The BOJ also earned JPY 675.9 billion yen in dividends during the first half of fiscal 2020, outstripping the JPY 552.4 billion in interest it earned from Japanese government bonds for the first time.
02/11/2021
The partnership forms part of Bursa Malaysia’s strategy to expand its data business to suit a wider group of stakeholders beyond traditional capital market products.
02/10/2021
The proposals were formulated based on recent reports issued by the International Organization of Securities Commissions