06/04/2018
Australia's largest bank to pay $531 million compliance fine
The bank has also agreed to pay AUSTRAC's AU$2.5 million legal costs.
Legal, Regulation & Compliance
06/01/2018
Australia 2018: three case studies in legal expertise
Mortgage finance for home buyers, dispute resolution and Australian Securities Exchange plans for blockchain
06/01/2018
New accounting standards pose risks to Singapore banks' profitability
The FRS 109, coupled with MAS 612, is actually more stringent than the international standard, as banks are required to hold a higher amount of credit reserves, a concept absent in IFRS 9.
06/01/2018
More people have lost money trading on unregulated online platforms: SPF, MAS
These trading platforms allow investors to trade a wide range of products, such as foreign exchange, shares, commodities and binary options.
06/01/2018
ANZ Bank facing criminal cartel prosecution
ANZ said it believed it had acted in accordance with the law and intended to defend itself.
05/31/2018
US Mounts Major Global Money-Laundering Campaign
It is uncertain how much of the new assertiveness can be traced to the US initiative.
05/31/2018
Deflation a tougher foe than Japan's central banker imagined
Kuroda retreats from 'Peter Pan' confidence in power of loose money
05/31/2018
Singapore bank lending up 0.8% in April
Consumer lending gained by a slightly faster clip, at 0.3 per cent in April from a month ago to S$265 billion.
05/31/2018
Singapore, Malaysia authorities meet as 1MDB probe intensifies
“Our Malaysian counterparts have requested for our assistance in relation to their 1MDB-related investigations, and we agreed to a meeting in Kuala Lumpur,”
05/31/2018
Banking royal commission sparks more complaints to ASIC over finance misconduct
The banking royal commission has unleashed a deluge of fresh complaints and admissions about misconduct in the finance sector, the corporate regulator has revealed.
05/31/2018
SFC reprimands and fines Hang Seng Investment Management
The SFC’s disciplinary action followed an independent review jointly agreed by the SFC and HSIM.
05/31/2018
Hong Kong regulator fines wealth manager
Noah HK did not have an adequate supervision and control mechanism in place for monitoring the sale of investment products.
05/30/2018
Property Millionaires Fuel One of Hong Kong’s Oldest Brokerages
The hires will take place over the next year or two and raise the team’s overall strength to about 500.
05/30/2018
Productivity Commission’s super proposal not enough
As a result of this, fees would still consume a large percentage of gross returns across the board, he said.
05/30/2018
Court fight begins over trust issues
The matriarch had asked the trustee to increase its shareholding since 2016, but to no avail, he added.
05/30/2018
China’s central bank chief tamps down expectations of liberalising country’s financial industry
Operating in a sheltered market enabled Chinese banks to outgrow their foreign competitors, a fact that Yi acknowledged.
05/30/2018
One Million Indian Bank Employees Go on Strike in Pay Dispute
All bankers in this country cannot be penalized for the bad lending decisions taken by some of the top management.
05/30/2018
Liabilities of Legal Representatives and Directors of Chinese Companies
Chinese law does not require a legal representative to have actual knowledge of, or be personally involved in, any of the violations stipulated above.
05/30/2018
Chinese internet group gets shareholder approval to reorganize in Cayman
The Beijing-headquartered company intends to proceed with the liquidation of the Delaware entity on May 31.
05/29/2018
China $10 Trillion Shadow Bank Crackdown Has Long Way to Go
Initial success combating interbank borrowing, asset products