06/06/2018
Abu Dhabi and Hong Kong further fintech collaboration
The HK-SFC and the FSRA have been active advocates of FinTech developments
Legal, Regulation & Compliance
06/06/2018
Credit Suisse Fined in Hiring Probe
This legacy matter did not impact the services provided to any clients, investors or counterparties.
06/05/2018
Moody’s forecasts brief slowdown for China funds
Analysts blame decline on a regulatory crackdown but add the market will soon return to steady growth
06/05/2018
Chinese banks pose increased risk to euro area – ECB
Total assets of China’s banking sector have increased from 205% to 305% of Chinese gross domestic product
06/05/2018
Singapore and India sign pact to boost fintech ties
It will be chaired by Jacqueline Loh, MAS’s deputy managing director, and Ravi Mital, additional secretary in the financial services department of India’s Ministry of Finance.
06/05/2018
Top global investment bank executives charged with criminal cartel offences in Australia
Criminal charges have also been laid against several senior executives
06/04/2018
Not just Sterlite, Norway Bank blacklisted 17 top Indian companies
The investigation by senior activist Venkatesh Nayak of the Commonwealth Human Rights Initiative, sent as an email alert to Counterview, says that GPFG funds have been “invested in 275 public and private sector enterprises in India”,
06/04/2018
CFMEU-backed super fund lobbies for Macquarie Bank
It is a tale involving allegations of undue pressure being placed on directors, a tender process being subverted, conflicts of interest ignored, and kickbacks being offered in exchange for support.
06/04/2018
Chinese banks in push to spin-off asset management units
The investment, the biggest so far by a Chinese bank in the sector, reflects how the nation’s biggest state banks are following their smaller rivals in embracing the budding trend.
06/04/2018
Banking regulator ponders breaking up the banks
APRA refused the application on the basis that documents in its possession that touch on the issue contain “opinion and advice” prepared for its deliberations, exempting them from release.
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.
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.