11/08/2018
Former China Huarong chief arrested as risks build offshore
Lai Xiaomin’s downfall comes as Beijing cracks down on ‘bad banks’
Legal, Regulation & Compliance
11/08/2018
Revealed: bank royal commission rap sheets made public
The extraordinary list of misdeeds in the banking industry was produced to guide the scope of inquiry's investigations and was provided to the commission earlier this year.
11/08/2018
BOJ policymaker signals chance of future rate hike to ease bank strains
The remarks contrast with those of BOJ Governor Haruhiko Kuroda, who said on Monday that higher yields would hurt financial institutions by cooling the economy.
11/08/2018
PRA fines staff of Japanese bank for failing to disclose ban
Kamiya has been fined £22,700 and a former non-executive director, Takami Onodera, has received a fine of £14,945 for failing to disclose the ban
11/08/2018
Revealed: bank royal commission rap sheets made public
The documents span thousands of pages and detail not only the misconduct aired at the royal commission but a slew of other civil and potentially criminal breaches by the banks and their staff.
11/08/2018
Nextgreen, Nomura and IHI Corporation to Explore Green Technology Partnership
The MoU allows the three parties to evaluate potential collaboration involving NGGB’s technology of converting palm oil wastes into pulp and paper, IHI’s proficiency in renewable energy and Nomura’s financial expertise.
11/08/2018
Amundi eyes third MRF fund
Most firms, such as BEA Union Investment, Bank of China Hong Kong and Hang Seng Investment Management, had to wait nearly three years for product approval.
11/08/2018
ASIC begins consultation on updated competence requirements for advice licensees
Organisational competence (RG 105) to support the professional standards reforms, which aim to lift the education, training and ethical standards in the financial advice industry.
11/08/2018
Australian wealth giant AMP, under pressure, says tougher laws would 'distract'
Most of the major banks have said they will support any new laws.
11/08/2018
'Ridiculous': Judge challenges ASIC's push to fine Westpac $58m
Westpac is expected to be ordered by the court to pay ASIC’s legal costs.
11/08/2018
Asia Jumping onto the Regtech Bandwagon
Partner, Digital Technology & Operations and Finance & Risk Practice at Oliver Wyman
11/07/2018
Superannuation death benefits and conflicts – the WA Supreme Court weighs in Burgess v Burgess
A second superannuation fund paid the death benefit of $338,000 to Denise 6 months after she was appointed as administrator.
11/07/2018
Regulatory reform next on royal commission agenda
The royal commission had previously stated that the seventh round would focus on “policy questions arising from the first six rounds”.
11/07/2018
Malaysia's Anwar chastises Goldman over 1MDB scandal
Prime minister-in-waiting accuses Wall Street bank of 'inexcusable' behavior
11/07/2018
Anti-corruption teams to be installed at China’s state banks and insurance companies, acting like ‘human surveillance cameras’
The central party watchdog had previously relied on the SOEs’ internal disciplinary systems, which were then checked by CCDI inspection teams.
11/07/2018
China to step up funding support for private firms
But private firms, which account for 60 percent of China’s gross domestic product and 80 percent of urban jobs, remain cash-starved
11/07/2018
PNB fraud: ED attaches 11 properties of Nirav Modi in Dubai
The ED has issued a provisional order for attachment of these assets under the Prevention of Money Laundering Act (PMLA).
11/07/2018
Standard Chartered becomes first foreign bank to get China fund custody licence
With the inclusion of Chinese shares by major world indices, China is already being recognised as a major financial market.
11/06/2018
Melbourne AFSL pays $9 million in fines
This process often resulted in a substantial erosion
11/06/2018
NZ regulators, with eye on Australian inquiry, urge tighter bank controls
New Zealand’s regulators said they had not identified widespread misconduct or poor culture to the extent found in Australia’s inquiry, which has rocked the Australian parent companies of major banks in New Zealand.