11/01/2019
AUSTRAC: Mutual Banks Face High Money Laundering Risk
Smaller mutuals may be less exposed to many vulnerabilities due to the lower value and number of transactions they facilitate, the report said.
Legal, Regulation & Compliance
11/01/2019
BOJ chief opens door to deeper negative rates
Japan's central bank keeps policy unchanged despite U.S. rate cuts
11/01/2019
FASEA funding drying up
Over the past three years the bulk of FASEA’s funding has come from seven of the banks plus AMP
11/01/2019
ASIC called out over super fund disclosures
Taking to Twitter, Cooper said: "How many free kicks can the super industry get? This was, I might remind everyone, first recommended in mid-2010 after a very compelling submission...pointing out how Australia lagged behind many other comparable jur
11/01/2019
1MDB scandal: mastermind reports from the underground
Low is on the run - which did not prevent him from commenting on finews.ch through a London-based PR firm .
11/01/2019
Guernsey continues China captive market development
“Another distinguishing factor is the existing co-operation agreements between Guernsey and China.”
10/31/2019
Indonesia regulator may create rules for multi-class funds, report says
A class A fund typically requires higher minimum investments but charges lower fees, while it’s the reverse for a class C fund.
10/31/2019
SSGA readies 10 funds for Hong Kong launch
They include a mixture of active and passive products covering a wide range of global equity markets
10/30/2019
Indonesian bank's stock rises on back of strict cost control
Bank Central Asia, with valuation over $68b, now most expensive among world's lenders
10/30/2019
Generali and Orient Commercial Bank Sign Exclusive Agreement
The agreement details that Generali Vietnam Life Insurance will be the sole insurance partner of Orient Commercial Bank.
10/30/2019
Xpress Money Expands Operations in China With Geoswift
Enables real-time bank transfers to UnionPay card account holders across 14 banks
10/30/2019
BSP invests in green bonds
The BIS said the initiative is part of its broader commitment to supporting environmentally responsible finance and investment practice.
10/29/2019
ASIC bans former Fitzpatricks employee
The regulator added that Radke was not acting as an authorised representative at the time of the conduct, but was previously a financial adviser and continued to hold trusted positions within the financial services industry over a number of years.
10/29/2019
New hedge fund will target poor corporate governance in Japan
Long-short fund to bet stock prices directly linked to good governance and high scandal potential
10/29/2019
HSBC warns of restructuring pain ahead as outlook darkens
HSBC reported pre-tax profit of $4.8 billion for the third quarter on Monday, compared with the $5.3 billion average of analysts’ forecasts.
10/29/2019
Fed Should Continue to Deliver
Sterling seems to be discounting that surely there has to be some political resolution.
10/29/2019
Gold standard for Chinese corruption
A haul of 13.5 tonnes from the basement of just one official’s home is shining proof.
10/29/2019
In rare win for regulators, Australia's Westpac loses case over marketing cold calls
The court gave ASIC and Westpac two weeks to agree on what public declarations the bank must give.
10/29/2019
Labuan IBFC Signs MoU with China Construction Bank
The MOU will allow the benefits of Labuan IBFC to be shared with CCB’s extensive clientnetwork through its 15000 branches in China and globally.
10/29/2019
Offshore: The unsilent majority
Traditionally a safe haven for offshore firms, 2019 has seen Hong Kong riven by unrest amid more than 100 days of protests.