05/09/2019
$45b to be transferred to GIC from foreign reserves: MAS
Funds to support longer-term investments with higher returns
Legal, Regulation & Compliance
05/09/2019
Industry fund fined over independent advice claims
The payment of the Infringement Notice is not an admission of a contravention of the ASIC Act.
05/09/2019
Regulators urge financial institutions to plan for LIBOR transition
The financial regulators expect all institutions that currently rely on LIBOR to consider the impact of LIBOR transition on their business.
05/08/2019
Australia Pension Giant Doubles Down on Push for Woman Directors
It has given them until their annual meetings in October-November to show progress, or it will start voting against directors up for re-election, Gray said in an interview.
05/08/2019
Chinese family office obtains SFC licences
Hefeng Family Office is now able to conduct advisory and asset management activities in Hong Kong.
05/08/2019
BSP: Investors urged to set eyes on Philippines, Asia's next economic powerhouse
This is despite challenges posed by the global economy, including trade tensions between major economies.
05/08/2019
Hong Kong pledges support for green bonds
Similarly, a spokesperson for Financial Services and the Treasury Bureau of the HKSAR government
05/08/2019
How the International Monetary Fund is waking up to the financial risks of the climate crisis
The paper stresses that mitigation instruments other than carbon taxes can have an important role if, for example, higher fuel prices are politically difficult or have limited impacts in countries that do not consume coal.
05/07/2019
1MDB scandal: Malaysia sends ex-Goldman banker Roger Ng to US to face charges
Huge sums of public money were stolen from Malaysian state fund 1MDB and used to buy everything from yachts to artwork
05/07/2019
Philippine FIU Seeks an End to Bank Secrecy Law
For years multiple officials have lobbied for easing bank secrecy rules.
05/06/2019
Singapore could be next to issue virtual banking licenses, says DBS
Among the firms to receive virtual licenses in Hong Kong, three have partnered with financial institutions such as Standard Chartered Plc, BOC Hong Kong Holdings Ltd. and ZhongAn Online P&C Insurance Co. Fintech firm WeLab Holdings Ltd. has also recei
05/03/2019
Central Banks of Canada and Singapore conduct successful experiment for cross-border payments using Distributed Ledger Technology
The Bank of Canada and MAS have been collaborating in the use of Distributed Ledger Technology and central bank digital currencies to make the cross-border payment process cheaper, faster, and safer.
05/03/2019
NAB, UK bank sued over business loans
A spokeswoman for Clydesdale said the bank had yet to receive details of the case.
05/03/2019
Scandal-hit Aussie banks earmark billions to repay customers
The year-long investigation singled out NAB for especially harsh criticism, forcing the departure of the firm's CEO and chairman.
05/03/2019
Standard Chartered Cuts Zimbabwean Jobs as Services Move to Asia
The lender will aim to “redeploy impacted staff wherever possible,” she said, adding the company has 384 employees in Zimbabwe.
05/03/2019
New president of Chinese Securities Association in Hong Kong urges MPF rules review
Lin Yong, also CEO of Haitong International, suggests the city’s compulsory retirement plan should be allowed to invest in Chinese A shares
05/03/2019
Top 10 legal innovators for Asia-Pacific region 2019
Overall winner from Gilbert + Tobin is on a mission to make changes — including a ban on the term ‘non-lawyer’
05/03/2019
ED files money laundering charge sheet against Zakir Naik
Once the court takes cognisance of the charge sheet, the agency will file an application under the Fugitive Economic Offenders Act, 2018 to declare him as a fugitive economic offender, said the official asking not to be named.
05/03/2019
Billionaire paid $6.5 M bribe to get daughter into university: Report
The deal was brokered through a Morgan Stanley money manager and voila, Yusi became a sailing recruit guaranteeing her acceptance, according to accusations.
05/02/2019
MAS, BOC conduct successful experiment for cross-border payments using Blockchain
Central Banks of Canada and Singapore conduct successful experiment for cross border payments using Distributed Ledger Technology