09/07/2020
This clause has only come into effect since AMP Financial Planning advisers brought a class action against AMP in relation to changes made to Buyer of Last Resort agreements, Macdonald said.
09/07/2020
The collaboration will be done through two Southeast Asian programmes funded by the UK’s Prosperity Fund, a £1.2 billion (US$1.6 billion) fund set up in 2015 to help support inclusive growth and reduce poverty in partner countries.
09/07/2020
While more than 80% believe themselves to be compliant with anti-money laundering (AML) standards, most banks and financial institutions in South Asia find the growing complexity of the compliance landscape to be somewhat overwhelming.
09/07/2020
Financial institutions in Hong Kong are reportedly upping their recruitment efforts for compliance talent following the enactment of sanctions from Washington against officials from the city and mainland China.
09/04/2020
Ms Jacqueline Loh, the central bank's deputy managing director for markets and development, said that the measures will strengthen the banking sector in Singapore.
09/04/2020
Foreign asset managers were previously only allowed to sell private funds to wealthy Chinese individuals, and to provide advisory services.
09/04/2020
Offshore jurisdictions such as the Cayman Islands have recently introduced legislation addressing some of the international pressure to address Base Erosion and Profit Shifting.
09/04/2020
This note highlights certain key changes effected by the IRDA that are relevant to loan market participants.
09/04/2020
In a statement, the Anti-Money Laundering Council said it was improving linkages with the Department of Finance
09/04/2020
The action may mean a big bill for Evans Dixon shareholders
09/04/2020
Under the rules, foreign institutions no longer submit applications in the name of their products and will not need to enter the market for each product one by one.
09/04/2020
China Guangfa Bank and Hua Xia Bank Co. were fined CNY92.8 million and CNY1.1 million, respectively, for violations of rules covering wealth management products, loan issuance and internal controls.
09/04/2020
The licence is one of several the SECC has begun issuing since mid-2018 that allow private individuals or entities to act as fund managers in collective investment schemes
09/03/2020
JP Morgan Asset Management has registered its Global Bond Opportunities Sustainable Fund for sale to retail investors in the Lion City.
09/03/2020
MAS holds our financial institutions to high standards and will not condone firms that fall short of fair hiring practices, Ong added.
09/03/2020
Regional expert Joël Le Saux to take up new role within Italian company’s equity team and retain oversight for long-running fund.
09/03/2020
The proposals give ministers a say over interest rates and would beef up Bank Indonesia's mandate
09/02/2020
A recent report by authored by PwC’s Chan Kheng Tek and Goh Thien Phong said that existing assets at Hin Leong – totaling just $257 million
09/02/2020
As Afterpay indicated in its FY20 results announcement, the acquisition is a first step in exploring further opportunities in select Asian markets.
09/02/2020
Our focus continues to be on growing our institutional business in Taiwan