03/02/2018
UBA, China Development Bank sign $100m deal to develop SMEs in Africa
According to Kennedy Uzoka, the Pan African Bank’s managing director and CEO, the deal is also expected to catalyse Africa’s commercial and industrial development.
Legal, Regulation & Compliance
03/01/2018
Hong Kong can be the next RegTech hub
Based on average wages, RegTech could reduce labor costs by as much as 50 percent
03/01/2018
ASIC bans Queensland financial adviser from financial services industry for 7 years
While working for these companies, Mr Connor also traded under the name Glenn Connor Financial Planning.
02/28/2018
Thai Crypto Still In The Wait For Regulatory Framework
Basically, Bangkok bank now happens to be the first bank or institution of finance to stop transactions in Thailand involving cryptocurrencies.
02/28/2018
ASIC requires boutique research provider to improve conflicts of interest disclosure
FEC has cooperated with ASIC and has made changes to its disclosures on conflicts in its research publications and on its website.
02/28/2018
ASIC's latest enforcement report highlights outcomes from the second half of 2017
This edition of the report also provides a summary of ASIC's work tackling loan fraud.
02/27/2018
AIA eyes China hinterland as Beijing relaxes rules
CEO says a headstart in major cities gives it competitive edge
02/26/2018
Xi set to tighten grip on China by scrapping presidential term limit
Central committee recommendation shocks leadership’s political rivals
02/26/2018
China Loosens Wealth Management Reins
China’s deputy finance minister Zhu Guangyao promised in 2017 that his country would similarly calibrate limits on insurers and eliminate curbs
02/26/2018
IOOF licensee launches MDA solution
The solution is designed specifically to assist advisers in efficiently delivering flexible, quality portfolio construction and implementation to clients.
02/26/2018
Mourant Ozannes at the forefront of aviation and ship financing in Asia
Mourant Ozannes provided BVI law advice in connection the loan and lease financing of four second-hand long range product tankers.
02/26/2018
Big banks in spotlight for opening round of royal commission hearings
The Australian Securities and Investments Commission (ASIC) said in its statement of claim filed in the federal court that CBA tried to rig the bank bill swap rate on six occasions, up from three occasions in its initial statement last month.
02/26/2018
Fund managers in Malaysia, Singapore, Thailand to have wider access to retail investors
The revised framework, which incorporates feedback from extensive industry consultations, seeks to promote more cross-border offerings of ASEAN funds and allow fund managers to offer a broader range of fund products to investors in the region, according
02/26/2018
Mirae Asset forms JV with Vietnam’s SWF subsidiary
This is the first time that a Korean asset management has formed a legal entity in Vietnam instead of opening a branch to acquire stake in local companies.
02/26/2018
Chinese Conglomerates in Distress
This mostly happens with cryptocurrencies or with Alipay, the Chinese equivalent of Paypal.
02/26/2018
One of Asia’s biggest companies just got steamrolled by the Chinese government
The Chinese government had 2 major problems with the way Anbang was going about its business.
02/25/2018
Tax havens turn financial black holes
The number of tax havens has also grown with the growth of financial liberalisation and generation of wealth abroad.
02/25/2018
Underperforming bankers in Asia now on “red alert” as job cuts loom
The average RM at Credit Suisse in APAC now manages CHF333m in assets, compared with CHF260m in 2016 – a rise of about 28%.
02/25/2018
New Laws Mean Japan Could Be the Next Big Thing In Esports
Laws, which are now decades old and were introduced to tackle organized crime, are resulting in competitive gaming in Japan being treated in equal terms to poker, and is all but entirely illegal, especially if cash prizes are involved.
02/24/2018
Vietnamese lenders to take more security measures after banker steals $10 mln from customer
The central bank has also asked lenders to review, amend and add internal regulations to ensure that they fully comply with rules on deposit, and saving transactions.