07/10/2017
Advisers quit big banks, AMP as watchdog intensifies scrutiny
ClearView Wealth manufactures its own life insurance products, but its advisers are able to recommend any competitor’s products.
Legal, Regulation & Compliance
07/06/2017
Singapore to postpone bank capital rules; follows Hong Kong, Australia delays
The FRTB rules, which require banks to hold more capital against their trading books.
07/05/2017
Nippon Life defers vote disclosure urged by financial watchdog
The insurer said Tuesday it will bypass the disclosure for the time being.
07/05/2017
Indonesia, Switzerland to Exchange Financial Data in 2019
Indonesia managed to make more than 900,000 taxpayers declare their previously unreported assets during he government's nine-month tax amnesty program.
07/04/2017
Singapore & Denmark Shake on FinTech Innovation Pact
The Monetary Authority of Singapore, the country’s central bank and financial regulator, has pointed to Denmark as its latest ally in the FinTech sector with the announcement of a new mutually beneficial pact.
07/04/2017
Switzerland working on 1MDB criminal case
The OAG suspects deficiencies in the internal organisation of the Falcon Private Bank Ltd
07/04/2017
Insurers eye impact of accounting and tech changes
At an event focusing on the changing investment environment for insurance firms in Asia, industry experts discussed accounting and technology developments.
07/04/2017
'Regulator's dilemma' as interest-only mortgage returns hit 42 per cent
The finding comes as the market keenly awaits an update from the Australian Prudential Regulation Authority (APRA) in the coming weeks.
07/03/2017
Fastest-growing law firm brand in Asia Pacific named
She paid tribute to the firm’s people for their hard work in the region.
07/03/2017
ED to approach six countries for details on Vijay Mallya’s properties
The agency alleged that Mallya owns several properties in the UAE and the US and has also incorporated several companies in the US, where the funds also have been suspected to have been diverted.
07/02/2017
Jho Low mulled buying Barbados bank to stow money
Wall Street Journal says leaked email describes how Low wanted to purchase bank in the Caribbean Island as a 'parking spot' for his own funds as well as friends and family.
07/01/2017
China’s M&A scrutiny to cast shadow on Asia deals volume
M&A is among the few areas where Chinese banks haven’t already gained a strong foothold.
06/30/2017
Chinese billionaire portrayed as criminal and hero at trial
"Mr. Ng acted in good faith at all times," Park said.
06/30/2017
Jho Low, Caribbean Citizen?
Low reportedly has one more trick up his sleeve: a Caribbean passport
06/29/2017
Hong Kong’s new insurance regulator takes charge
The IA was established in December 2015 and had been preparing for the takeover of the OCI’s regulatory functions in phases.
06/29/2017
Abolition Of Reverse Discrimination Korean Government to Take Stern Action on Global IT Giants
The targets of the bill include global IT giants as well as their South Korean counterparts like Naver.
06/29/2017
FoFA should also protect retail banking customers: FSU
The stress of it all led him to help expose the bank opening more than two million fraudulent accounts without customers' consent over 15 years.
06/29/2017
Singapore's central bank posts record net profit in year ending March 2017
The Monetary Authority of Singapore (MAS) posted a record 24.3 billion Singapore dollars ($18.6 billion) net profit in the year ended March 2017.
06/29/2017
MAS on 1MDB scandal: 'naming and shaming' a better deterrent than big fines
Monetary Authority of Singapore believes that "naming and shaming" individual offenders in the 1MDB case is a better deterrent than imposing big fines on banks.
06/29/2017
Singapore MAS, Danish FSA sign fintech cooperation deal
MAS and the Danish FSA have also committed to exploring joint innovation projects together, and to share information on emerging market trends and their impact on regulation.