11/06/2018
Malaysia extends tax breaks for Islamic, retail bond issuance
The new government is also setting up a special committee on Islamic finance comprising central bank and Securities Commission Malaysia officials.
Legal, Regulation & Compliance
11/06/2018
Ex-banker forfeits $43.7 million and pleads guilty to conspiracy to violate the FCPA and launder money
This work generated $600 million in fees and led to large bonuses for Leissner and Ng.
11/06/2018
Banks must reshape to survive compliance and technology crunches
KPMG and EY highlight Australia's big four banks must balance ongoing compliance costs with continued spending in technology or face being left behind when it comes to innovation.
11/05/2018
AIMA publishes Fund Manager Code of Conduct (FMCC) Implementation Guide
The FMCC's Implementation Guide is sponsored by leading international law firm Clifford Chance.
11/05/2018
Inaugural Singapore-Chongqing Financial Summit unlocks opportunities for regional financial and infrastructure connectivity
Participants discussed opportunities to enhance regional connectivity under the Belt and Road Initiative and the Chongqing Connectivity Initiative Southern Transport Corridor.
11/05/2018
New Financial Complaints Body Launches in Australia
As a ‘one-stop shop’ for financial services dispute resolution, AFCA will independently investigate unresolved complaints about all financial products and services, whether related to banks, credit providers, insurance companies or superannuat
11/05/2018
Ethics and professionalism post Royal Commission—A regulator's view
The CIMA certification program is a core part of this and requires a certain level of competence amongst investment analysts.
11/05/2018
Underlying assets review of non-standard asset-management products
The China Banking and Insurance Regulatory Commission released on its website the Beijing Banking Regulatory Bureau’s decision to punish two trust companies within its jurisdiction in June 2018.
11/05/2018
Dubai International Financial Centre signs agreement with China Banking Association
Over 2,000 financial firms in the Centre and 695 member units of the Association to benefit from the partnership
11/05/2018
Japan’s Suruga Bank to Receive $2.2bn Credit Line from BOJ
The credit line is aimed at preventing a liquidity crunch after a scandal involving falsified proof of income and assets to approve loans resulted in mass withdrawals by depositors.
11/05/2018
RBI Permits Banks to Provide Credit Enhancements to NBFC Bonds
Banks can act as partial credit guarantors on bonds issued by NBFCs and HFCs to refinance existing debt, enhancing their credit ratings and making them more attractive to investors.
11/05/2018
Financial Stability Risks Remain Under Control – PBOC
Since 2017, especially in 2018, the world political and economic structure has undergone profound adjustment and changes
11/05/2018
SGG Group completes acquisition of Lawson Conner
The acquisition strengthens SGG’s service offering to fund managers through the provision of a complete suite of compliance and regulatory services.
11/04/2018
Is Australia headed for MiFID II?
Discussing the implications of the MiFID II regime, she cited the principle that asset managers should not incur costs unless the value for the fund has been carefully considered.
11/02/2018
Sir John Key calls for stricter banking regulations
He said Australia has found a number of holes in their banking system and New Zealand should take note.
11/02/2018
BNZ defends big profit increase on eve of FMA Conduct report
The RBNZ and FMA investigation comes after sometimes shocking revelations from the Australian Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.
11/02/2018
US charges former Goldman bankers for 1MDB
The U.S. Justice Department is set to announce multiple criminal charges against two former Goldman Sachs bankers tied to the Malaysian 1MDB scandal.
11/02/2018
Managed accounts provider replaces Praemium
The fee has dropped from 77bps to 55bps with the change.
11/02/2018
SFC sets out new regulatory approach for virtual assets
The SFC is closely monitoring the development of virtual assets and may issue further guidance where appropriate.
11/01/2018
Deregulation needed to spur banks' globalization
He believes the financial regulator should ease rules on overseas assets