09/20/2019
Federal Court delivers APRA, IOOF verdict
Australian Executor Trustees was also subject to the legal action, but was not mentioned in IOOF's ASX statement regarding today's decision.
Legal, Regulation & Compliance
09/20/2019
China drafts bar for net capital of banks' wealth management units
The regulator unveiled in late 2018 long-awaited rules governing commercial banks’ asset management subsidiaries
09/20/2019
Walkers Singapore acts on Liberty Bitcoin Fund
Walkers partner James Twigg and associate Heather Murray acted on the matter.
09/19/2019
Asia-based M&A partner joins Addleshaw Goddard
Addleshaw Goddard's CEI multi-disciplinary practice has in combination around 30 partners and more than 130 further fee earners across the firm's offices in the UK, Germany and Asia and the GCC.
09/19/2019
The IFSB database disseminates data for Islamic Banking systems in member countries, including Libya for the first time
This 13th dissemination completes the availability of quarterly data from Q4 of 2013 to Q1 of 2019, and is part of the IFSB's Prudential and Structural Islamic Financial Indicators project
09/19/2019
$8.67 billion facilitiesto Marina Bay Sands, Singapore
Marina Bay Sands is an iconic Singapore integrated resort comprising dining, entertainment and retail facilities and attractions.
09/19/2019
Korea's POBA seeks managers for US$250 million private debt mandate
Seoul-based POBA currently has around $11 billion of total assets under management.
09/19/2019
Luxury Loses Allure as China, Hong Kong Dent Demand
Chief Executive Officer Remo Ruffini told the Ansa newswire he’s “cautious” about the full-year sales trend due to Hong Kong and other macroeconomic factors.
09/19/2019
Life insurance fraudster jailed in Hong Kong
She pleaded guilty to her role in a premeditated, cross-border scam
09/19/2019
Singapore Retains Position as One of the Largest FX Centres Globally
These figures were released today in the 2019 Triennial Central Bank Survey of the global FX
09/18/2019
HSBC Chairman Mark Tucker Condemns Protestor Violence
He added that the bank looked forward to participating in China’s growth story and would support international companies seeking business opportunities in the country.
09/18/2019
Hunt for alleged $1bn cocaine yacht owner leads to secretive Cook Islands trust
Exactly who the individuals are behind the tightly-guarded trust, which nine.com.au has chosen not to name
09/18/2019
ACCC eyes fresh competition inquiry into big banks
While Mr Sims provided few details of what the probe might examine
09/18/2019
Singapore's asset management industry grew 5.4% to S$3.4 trillion last year: MAS
This growth was mostly thanks to a 15 per cent surge in alternative assets to to S$646 billion last year
09/18/2019
HKMA and the BIS sign operational agreement on the BIS Innovation Hub Centre in Hong Kong SAR
The Hub will identify and develop in-depth insights into critical trends in technology affecting central banking
09/18/2019
Three cases of unexplained wealth under investigation
He also says if the explanations are not convincing, the money will be confiscated
09/17/2019
Dubai Regulators Flagged Standard Chartered
Senior executives, including global private banking head Didier von Daeniken, were scheduled to meet Dubai regulators this month, the sources added.
09/16/2019
Why China’s central bank is liberalising its interest-rate system
The one-year rate is too blunt a tool for a modernising economy that’s got a problem with excess debt.
09/16/2019
Bangko Sentral’s chatbot, reporting system bag prizes
The central bank won in the Artificial Intelligence Initiative category for developing a prototype chatbot to provide the public with a more accessible and efficient way to engage the regulator on financial consumer concerns.
09/16/2019
FCA and Hong Kong SFC – Addendum to MoU on funds recognition
To ensure that the UK-Hong Kong mutual recognition of funds arrangement will continue to operate in a smooth manner after the withdrawal of the UK from the EU