04/01/2019
NAB lender fairly sacked over fake loan 'referrals'
Those "referrals", which the bank had decided were faked, had reaped payments for AU Gold Realty of $24,000.
Legal, Regulation & Compliance
04/01/2019
Australian banks have fingers crossed for a Brexit delay
ANZ Banking Group is relying on existing European branches and licences.
04/01/2019
Vietnam’s ‘wait and see’ regulatory approach inhibits its emergence as a regional fintech leader
The Vietnamese government wants to facilitate the growth of a sharing economy. But it lags behind other ASEAN nations with regulations governing the peer-to-peer (P2P) industry.
04/01/2019
China Approves JP Morgan, Nomura Securities Joint Ventures
HSBC also holds 51 percent of its securities business in China, but it does so under rules that allow Hong Kong-based companies special access.
04/01/2019
Hong Kong pension supervisor seeks public views on eMPF design
The information it’s seeking includes cybersecurity risk, management, operating models for the plan’s administration, as well as implementation and deployment strategies.
04/01/2019
Hong Kong removed from EU watchlist on tax cooperation
The EU list of noncooperative jurisdictions was initially released in December 2017 as part of the EU's initiative to tackle tax avoidance and evasion and promote fairer taxation within the EU and globally.
04/01/2019
Regulators name laggard life insurance providers
Disability income insurance claims showed AMP takes about 3.2 months to process, followed by AIA Australia at 2.5 months and ANZ OnePath at 2.4 months.
03/29/2019
Standard Life Aberdeen gets pension green light
CBIRC to continue its opening-up efforts and improve the business environment to attract financial firms
03/29/2019
ASIC expects more referrals to prosecutors for wealth industry wrongdoing
In response to a question taken on notice at Senate estimates, ASIC said it had "approximately 20 matters within its expanded wealth management project scoped for investigation of criminal offences".
03/29/2019
Regulators unite for life insurance transparency
At the same time, ASIC released a new MoneySmart life insurance claims comparison tool, to help consumers "make more informed decisions," by outlining the claim acceptance rates and average claim time of life insurers.
03/29/2019
Consumers confused by general, personal advice
"The survey not only revealed consumers are not familiar with the concepts of general and personal advice, but only 53% of those surveyed correctly identified 'general' advice.
03/29/2019
Renminbi’s tale of two halves and the banks that made a difference
The Asset reveals those banks providing the best renminbi solutions as its internationalization gathers momentum
03/29/2019
BVI’s place in the corporate/M&A landscape of SE Asia
A significant increase on new incorporation numbers for the first three quarters of the two previous years.
03/28/2019
Citigroup Faces $1.2m Fine in Japan over Alleged JGB Manipulation
Based on its findings, the SESC made a recommendation to the Prime Minister and the FSA (Financial Services Agency) commissioner that an administrative monetary penalty payment order should be issued in regard to the alleged market manipulation.
03/28/2019
What you need to know about Hong Kong’s new fund management regulations
Changes have been made to bring the existing regulations of fund managers in Hong Kong in-line with the recommendations of the International Organization of Securities Commissions (IOSCO) and the Financial Stability Board (FSB).
03/28/2019
Some Singapore employees may be criminally liable: Wirecard
German payments firm releases summary amid ongoing internal probe by law firm
03/28/2019
China pledges to 'sharply' expand financial market opening as trade talks loom
China has pledged to further open its massive financial markets to foreign investors since last year amid a simmering trade war with the United States
03/27/2019
India to auction fugitive billionaire’s art collection
After a court order allowing the auction to take place, tax authorities, who are pursuing Modi over the country’s largest bank fraud, appointed professional auction house Saffronart.
03/26/2019
Re Dai Guoliang 2019 HKCFI 597 – A Tool to Bear in Mind in the Asset Recovery Toolbox
There is no dispute over the existence of the debt
03/26/2019
France to seal deals with China but challenge on Belt and Road project
Xi arrived in France after visiting Italy, the first Western power to endorse China's ambitious Belt and Road Initiative as Rome tries to revive its struggling economy.