08/07/2019
SFC bans former UBS director for life
The case was referred to the SFC by the Hong Kong Monetary Authority.
Legal, Regulation & Compliance
08/07/2019
Appleby advises China Oil and Gas Group Limited on its issuance of USD 320 million senior notes
Appleby’s Corporate Finance team brings together colleagues from across the globe group to advise some of the world’s most prominent financial institutions and corporations on all aspects of international corporate finance law.
08/07/2019
Chinese tycoon Li Jianhua fights daughter over Canada real estate fortune
The former Chinese politician denies ‘each and every allegation’ by daughter Carol Li Xiaoqi in their battle over Vancouver assets worth millions
08/07/2019
Prudential raises CPF contribution rate for older workers to match that of younger staff
The workers' contribution drops as well, to 13 per cent, 7.5 per cent and 5 per cent respectively.
08/07/2019
Appleby Advises China Oil and Gas Group
China Oil and Gas is a national piped gas operator in China focused on providing natural gas to end customers
08/07/2019
MAS Launches Sandbox Express for Faster Market Testing of Innovative Financial Services
Eligible applicants can begin market testing in the pre-defined environment of Sandbox Express within 21 days of applying to MAS instead of taking a longer time to customise their sandboxes under the existing FinTech Regulatory Sandbox.
08/06/2019
Global sukuk issuances up 5.5% in 2018
The steady issuance volume is due to sovereign sukuk issuances from Asia, GCC countries and Africa
08/06/2019
Yuan's slump puts Asia's central banks on alert
The market turmoil may give Asian policy makers reason to pause just as the Federal Reserve's rate cut last week gave them space to pursue looser policy.
08/06/2019
HSBC cutting 4,000 jobs as CEO makes shock exit
Global headcount to go down by 2%; bank says it remains committed to Singapore ops
08/06/2019
MAS Targets Market Abuse with Proposed New Requirements
Given the reluctance of some foreign intermediaries to provide client information to competing firms in Singapore
08/06/2019
ANZ scraps individual bonuses
The bank confirmed a limited number of senior staff "with an increased ability to impact on ANZ's performance" will retain a portion of 'at risk' pay based on their individual performance, while the executive committee will contin
08/06/2019
JPMorgan confirms winning bid to take majority stake in China fund JV
A 2% percent stake in the JPMorgan China fund management JV, China International Fund Management (CIFM), changed hands on Friday in an auction at the Shanghai United Assets and Equity Exchange, a deal post on the exchange showed.
08/05/2019
AMP MDA constraints frustrate advisers
The spokesperson explained that AMP Financial Planning is working through addressing the licence conditions.
08/05/2019
Crown investment companies were used to launder drug funds, authorities believe
The Crown companies opened Commonwealth Bank accounts instead.
08/04/2019
Govt relaxes norms for re-insurers to set up shops at IFSC
The notification of Finance (No. 2) Act, 2019, has paved the way for reduction of the Net Owned Funds (NOF) requirement for the opening of branches of foreign re-insurers in International Financial Services Center (IFSC) to Rs 1,000 crore from Rs 5,000 cr
08/04/2019
New Zealand to consider blacklists credit card bans to curb Offshore online gambling
All other online gambling undertaken by New Zealanders thus occurs on offshore, unregulated (All other online gambling undertaken by New Zealanders thus occurs on offshore, unregulated (by New Zealand) sites.by New Zealand) sites.
08/02/2019
ESM's name used by scam site: MAS
The MAS said the statements made on the site are either false or have been taken out of context and used in a misleading way.
08/02/2019
Trustees warned about influencing employers through improper inducements
Superannuation trustees must understand that providing inducements to employers to influence them in their choice of a default super fund is generally illegal.
08/02/2019
China’s ex-‘super bank’ chief faces probe as Beijing’s financial sector corruption crackdown continues
CDB is one of the Chinese central government’s three policy banks, which issue loans at the direction of Beijing.
08/02/2019
Document leak puts NAB under the pump
The leak also sheds light on the relationship between NAB and EY