10/30/2018
Standard Chartered granted custody license in China
China is the third largest equity and bond market in the world, with total market size close to USD20 trillion.
Legal, Regulation & Compliance
10/30/2018
More Progress Needed on Basel III Implementation – BCBS
Twenty-six member jurisdictions also have final rules in force for the countercyclical capital buffer and the D-SIB (domestic systemically important bank) requirement.
10/30/2018
Australia is the latest country whose banks are planning to abandon London as Brexit looms
Many foreign financial institutions are frustrated — like many UK businesses — by the lack of any real clarity over what sort of Brexit the UK will actually achieve when the Article 50 period runs out in March next year.
10/30/2018
Superyacht Linked to Malaysia's 1MDB Scandal Goes up for Auction
A Malaysian court in August approved the sale of the 300-ft (91 m) Cayman Islands-flagged Equanimity, which was impounded months earlier near the Indonesian island of Bali and handed over to Malaysia.
10/30/2018
Hong Kong and UK regulations clash
Some retail funds in Hong Kong do not meet UK requirements for local distribution under new agreement
10/29/2018
Ex-Navitas boss Rod Jones signs protocols for $2b bid
Navitas’ board is said to be intent on taking as much time as it needs to get a thorough valuation of the company before deciding its next move.
10/29/2018
Russian Sovereign Wealth Fund Attracts Saudi Partner to Its Fund With China
RDIF and China Investment Corporation previously contributed $1 billion each to their fund, which has invested in more than 25 projects in the forestry, infrastructure, consumer goods, financial and other sectors since its establishment in 2012.
10/29/2018
Hana, LINE join hands for digital banking in Indonesia
Discussions are underway for the two entities to map out age-specific, needs-based business models to maximize customer preferences, following market research conducted by a joint taskforce.
10/29/2018
Global Banks in Crossfire Between Chinese Authorities, Wealthy Elite
This type of questioning has become business as usual for Asia’s biggest economy.
10/28/2018
The spy who came in from the void
On Thursday, Hasanah was charged with committing criminal breach of trust (CBT) over US$12 million worth of government funds.
10/27/2018
SEC issues warning on renegade ICOs
Information disclosure for investment decision-making is also inadequate, while these digital assets might not have sufficient liquidity to trade and cannot be converted into cash
10/26/2018
Foreign banks in China can sell government bonds
According to the new policy, it is possible to set up a wholly foreign-funded bank and branches at the same time
10/26/2018
Singapore trader accused by US of laundering North Korea funds
The charges came in a previously sealed indictment that was made public in tandem with sanctions against Beng by the Treasury Department.
10/26/2018
Nomura, CIC, and other Japanese Financial Institutions Sign MOU Regarding Japan-China Industrial Cooperation Fund
he MOU is part of a strategic alliance to establish a Japan-China industrial cooperation fund.
10/26/2018
Self-managed superannuation funds auditor enforcement actions
To 30 June 2018 ASIC has considered the conduct of over 120 SMSF auditors, including 98 matters referred from the Australian Taxation Office (ATO).
10/26/2018
Court action is 'prima facie repudiation' of arbitration agreement, says Singapore court
The case concerned a dispute between two companies founded by brothers Oung Da Ming and Oung Yu-Ming.
10/26/2018
Trader charged with multi-million dollar fraud
Wood has been remanded on bail until his next appearance at the Auckland District Court on November 13.
10/25/2018
ASIC eyes SMSFs, dodgy products in law changes while banks baulk
The Financial Services Inquiry conducted by David Murray recommended giving ASIC the powers to intervene in the market to stop products from being sold to the consumers.
10/25/2018
UBS Top Shot to Meet Rape Victim
The woman and La Roche will meet at Freshfields Bruckhaus Deringer, the firm which British regulator the Financial Conduct Authority appointed to investigate independently at the Swiss bank and report back.
10/24/2018
Bank-owned advice firm requests ASIC extension
Highlighting the point ASIC chair James Shipton made about slow and delayed responses from Australia's financial institutions, a bank's financial advice subsidiary has sought an extension to complete a major report as part of its enforceable und