05/10/2019
High Growth in Takaful Market 2019-2025
Nonetheless, the surplus amount invested is then employed for making investments that are helpful for earning a higher profit for the policyholders.
Legal, Regulation & Compliance
05/10/2019
MAS studying virtual bank licensing regime for fintech firms
This comes as MAS clarified that since 2000
05/10/2019
How multinationals shift billions in revenue offshore and what Labor plans to do about it
On Tuesday, shadow treasurer Chris Bowen said a Labor government would introduce a "Tax Haven Blacklist", including places like the Cayman Islands and Bermuda.
05/10/2019
Banks expected to lower lending rates, but with different quantums
The quantum will differ based on how a bank assesses market conditions and borrowers’ financial capabilities, says analyst
05/10/2019
China arrests five Fuxing private fund executives in fraud case
A previously used general line to the company's office was disconnected and its website is no longer accessible.
05/10/2019
MAS Issues Prohibition Orders on Three Individuals
For this, they were issued POs of four years and two years respectively.
05/10/2019
Cayman trust caught in Australia's 'Watergate' scandal
Eastern Australia Irrigation shareholders were reported to be a number of major investment funds based in Hong Kong and the UK.
05/10/2019
India revamps beneficial ownership disclosure rules
Failure to disclose can result in fines or even imprisonment for the SBO.
05/09/2019
Former AMP adviser pleads guilty to stealing client funds
He has pleaded guilty in the NSW District Court, Australia, to three counts of dishonestly obtaining client funds under the NSW Crimes Act.
05/09/2019
StanChart Faces Potential Investor Revolt Over CEO Pay
Shareholders are set to vote on StanChart's 2019 pay policy at the lender's annual shareholder meeting in London.
05/09/2019
Hong Kong Moves to Green Up Financial Sector
The authority will partner with international organizations to offer technology support for Hong Kong banks and assess their green finance practices.
05/09/2019
$45b to be transferred to GIC from foreign reserves: MAS
Funds to support longer-term investments with higher returns
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