03/14/2018
Dentons to combine with seven elite firms in Africa, the Caribbean and South East Asia
Combinations will uniquely position the world's largest law firm to meet client needs in yet more places around the globe
Legal, Regulation & Compliance
03/13/2018
China merges bank, insurance regulators to tackle risk
Beijing has launched a series of regulatory overhauls over the past two decades, creating and merging agencies, to respond to the growth of China’s vast, state-owned banking, insurance and finance industries.
03/13/2018
Grab and Chubb sign partnership to provide innovative in-app insurance solutions throughout Southeast Asia
The partnership was announced as part of the launch of Grab Financial, the fintech platform within the Grab ecosystem.
03/13/2018
China to merge banking and insurance regulators, create new ministries
The commentary suggested the party will have greater influence and say in the government, or the State Council, which is headed by Premier Li Keqiang, some analysts say.
03/13/2018
Customers should be compensated for bank mistakes: OJK
A number of BRI customers reported that money had been withdrawn from their accounts without permission.
03/13/2018
ASIC permanently bans mortgage broker
ASIC also surveilled Mr Houghton and received multiple client files from his time as an authorised representative of Financial Wisdom
03/13/2018
SFC reprimands and fines Deutsche Bank AKTIENGESELLSCHAFT and Deutsche Securities Asia Limited $8.3 million for regulatory breaches
The SFC considers that the cooperation of DBAG and DSAL has expedited the disciplinary proceedings; otherwise, similar failures would have resulted in a substantially higher level of fine.
03/12/2018
Bitcoin Accepted in Japan, Banned in China
Zhou's statement is an emphasis, after the United States on Thursday said the online trading platform of digital currencies “has the potential to break the law” so it must be registered with the regulator.
03/12/2018
UBS's Pain Will Be Hong Kong's Gain
Regulators are sending a message that they take investor protection seriously.
03/12/2018
Why didn’t UK probe banks for handling RM8 billion in 1MDB funds, asks anti-graft group
Banks are required to carry out extra checks when handling funds from state entities, and must report suspicious transactions, block such transactions if no explanation is given and close the accounts involved if needed.
03/11/2018
Government planning to relax FDI rules for pensions sector
Discussions are taking place between the finance ministry and the Department of Industrial Policy and Promotion
03/11/2018
Banks brace for pain as royal commission begins
It’s shaping up as the policy highlight of the year.
03/09/2018
Late tycoon Yu Pang-lin’s entire HK$10 billion estate can go to charity, High Court rules
Yu, who owned kung fu legend Bruce Lee’s former mansion, died three years ago and had earlier said he would donate his earthly possessions to help those in need
03/09/2018
Chinese regulator grants second batch of FOFs licences
Overseas experiences show that FOFs are good products for pension investment because of its asset allocation feature
03/09/2018
Singapore MAS in bid to regulate ‘large scale movement’ of advisers
Such recruitment practices increase the risk of FA representatives engaging in aggressive sales tactics
03/09/2018
Hong Kong’s Central Bank looks likely to tighten liquidity
HKMA Chief Executive Norman Chan said on Thursday afternoon the city is capable of coping with fund outflows and will ensure the exchange rate doesn’t weaken beyond its band.
03/09/2018
Australia PM’s son says Goldman sidelined him after 1MDB warnings
Alex Turnbull claims bank ‘B-tracked’ him after querying dealings with Malaysian fund
03/09/2018
Hong Kong Suspends UBS From IPO Sponsoring
«UBS intends to appeal the decision,» the Swiss bank said in the legal disclosure section of its annual report, which means the suspension won't enter into force yet. The SFC wasn't immediately available for comment
03/09/2018
Japanese Watchdog Bares Its Teeth
The financial regulator increased monitoring of virtual currency exchanges following the massive hack on Coincheck which resulted in the theft of $532 million worth of digital tokens.
03/08/2018
New guernsey finance appointment in hong kong to support island's growth in asia
The promotional agency for the island’s finance industry opened an office in Hong Kong at the end of 2016, linking up with the regulator, the Guernsey Financial Services Commission.