09/08/2020
BlackRock recently announced that it has also received regulatory approval from the CSRC to establish its own wholly-owned subsidiary, with firms such as Neuberger Berman and Fidelity International also submitting applications.
09/08/2020
The board of OneVue is recommending acceptance of the Iress offer by shareholders.
09/08/2020
“Financial advice dealer groups cannot influence the addition of managed investment schemes to platforms or recommended product lists.”
09/08/2020
China Zheshang Bank was fined CNY 101.2 million for selling wealth management products to shift assets off balance sheet, and for interbank investment violations.
09/07/2020
The strong recovery after a sharp fall in the first quarter reflects “the resilience and stability of the MPF system”
09/07/2020
The move comes against a backdrop of rising tension with the US over issues including trade and the crackdown on Hong Kong.
09/07/2020
“When the economy recovers, the demand for talent will resume. It is therefore desirable for the industry to maintain its momentum in building human capacity despite the negative impact of the pandemic situation.”
09/07/2020
UK sees home demand surge after citizenship offer in response to security law
09/07/2020
The new regime is aimed at catalysing financial inclusion as part of the BSP’s digital payments transformation roadmap.
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.