02/08/2019
Loans just got cheaper in India as RBI cuts repo rate
Landmark move may drive increased lending within the economy
Legal, Regulation & Compliance
02/08/2019
Treasury initiates review post RC
The desirability of predictable and stable funding for the legal assistance sector and financial counselling services is clear and how this may best be delivered is worthy of careful consideration," he wrote.
02/08/2019
MAS Consults on Revisions to Banking Act
For credit card or charge card licensees, MAS proposes enhance its ability to ensure the fitness and properness of controllers, directors and prescribed executive officers by requiring licensees to obtain MAS approval for such appointments.
02/08/2019
MAS Proposes New Requirements for Banks’ Outsourced Functions
This new consultation paper seeks feedback on proposed revisions to the regime governing the outsourcing arrangements of banks and merchant banks, including amendments to the Banking Act.
02/08/2019
China Post Global receives RQFII quota
China Post Global has been active in London, where it launched several exchange-traded funds.
02/07/2019
Britannia Granted License to Underwrite Business in Singapore
The Singapore branch will be managed by Tindall Riley Singapore and is headed by John O’Flaherty, Chief Executive, who has had many years of experience in marine insurance and shipping.
02/07/2019
Philippines brings in new rules on crypto assets
Under the rules, all DATOs must have proper offering documents with pertinent details on the issuer, project, and accompanying advice and certification of experts and DA agents.
02/07/2019
Vietnam to Rank Domestic, Foreign Financial Institutions
According to a local media report, credit institutions and foreign bank branches will be classified in five groups
02/07/2019
Under new agreement, Indonesia can track ill-gotten wealth in Switzerland
Under the MLA, it opens up the possibility [for Indonesia] to seek help in tracking wealth, determining the amount and repatriating it to Indonesia.
02/07/2019
Govt to hunt tax evading Pakistanis in Russia, Turkey
One of the important decisions was to immediately establish contacts with Russian and Turkish tax authorities to get information about Pakistanis who have assets in these two foreign jurisdictions.
02/07/2019
Offshore Havens, Secrecy and Due Process of Law- I
Rest of the citizens figured in the list could only ‘quake in their boots’ momentarily upon receiving innocuous sounding notices from the Federal Board of Revenue.
02/07/2019
Australia Solicits Comments on Regulatory Framework for ICOs
The paper is seeking views from interested parties on the opportunities and risks posed by ICOs for Australia, and whether the regulatory framework is well placed to allow those opportunities to be harnessed whilst appropriately managing the associated ri
02/07/2019
BSP Eases Licensing for Banks Seeking Special Authorities
Type A licence activities include the establishment and sale of branches or branch lite units, equity investment in allied and non-allied undertakings, trusts and other fiduciary business.
02/07/2019
Freedom Insurance suspends trading
The board of the embattled insurer decided to search for alternative business models after a strategic review headed by Deloitte found new sales of its life products are no longer viable.
02/07/2019
FASEA makes adviser exam adjustments
FASEA has also said it will consider adding further exam centres in 2020 for relevant providers located in regional areas, dependent on adviser interest and facility availability.
02/07/2019
Chief economist update: The RBA capitulates
Over the past year, the next-move-is-up scenarios were more likely than the next-move-is-down scenarios. Today, the probabilities appear to be more evenly balanced."
02/07/2019
MAS named central bank of the year
London-based journal cites its fintech efforts, and consistency in monetary policy and supervision
02/06/2019
HKMA’s Regulatory Expectations of Remote Customer On-boarding
The HKMA has noted that some authorised institutions have started to on-board individual customers remotely through electronic channels and others are exploring such options, the circular says.
02/06/2019
AMP punishes past executives, defends vertical integration
“The proposed regulatory changes will require serious and determined effort to implement but, with the support of industry, should deliver better outcomes for customers,” Murray said.
02/05/2019
SFC seeks to halt "rolling bad apples" in their tracks with licensing reforms
New licensing forms will be introduced on 11 February 2019.