05/13/2017
BNM: Unethical behaviour in banking community will not be tolerated
Twenty three per cent of respondents observed that supervisors reward behaviour derived through unethical means.
Legal, Regulation & Compliance
05/12/2017
Judges in the Court of Appeal to decide if BNP Paribas has breached Singapore banking regulations
Legal proceedings were brought by a number of BNP clients, including the prominent Israeli-British businessman Jacob Agam, who questioned the validity of BNP's bank's $16 billion merger with its Singapore arm, BNP Wealth Management.
05/12/2017
Clifford Chance Does NAB Deal
The business comprises a $1.7 billion mortgage portfolio and a $3.05 billion deposit portfolio, and serves more than 11,000 customers from the two booking centres of Singapore and Hong Kong.
05/12/2017
Two Appleby Hongkong Partners Recognized In ALB's Offshore Client Choice 2017
The recognition marked the culmination of client survey conducted by ALB involving hundreds of questionnaires with leading in-house counsel, lawyers in the onshore space and referees from financial institutes.
05/12/2017
Malaysia creates framework to drive digital investment management
Licensed portfolio management companies may provide digital investment management services if they satisfy all the requirements
05/12/2017
Malaysia’s 1MDB under Solomon Huges investigation
Coutts has got many fines from financial regulators around the world, is a British bank run by Tory lords and Conservative ex-ministers.
05/12/2017
NAB sells Asian private wealth arm
The sale "will not have a material financial impact" and is expected to complete before the end of 2017, NAB said in a statement.
05/12/2017
Singapore, a Rising Home for Quiet Money, Comes Under Pressure
Singapore is now growing faster than Switzerland and is set to become the largest cross-border financial center in the world by 2028, the firm forecasts.
05/11/2017
Security Bank, Japanese partner ink cross-banking deal
The service is backed by the concept of “target balance sweeping,” done automatically between the two banks without additional remittance fees to the customer.
05/11/2017
Judges in the Court of Appeal to decide if BNP Paribas has breached Singapore banking regulations
The case will set an important legal precedent regarding investor rights and the extent to which multi-national banks can 'opt out' of Singaporean law.
05/10/2017
Mizuho to cap off governance reform
This marks the latest effort by Mizuho to toughen governance since revelations in 2013 of lax enforcement of rules against lending to "anti-social elements" -- a euphemism for gangsters.
05/09/2017
Treasurer launches new financial system inquiry
It will also examine competition in the provision of personal deposit accounts and mortgages.
05/09/2017
No one can be declared dishonest on mere assumptions
The chief justice noted that the income tax law did not envisage disqualification.
05/09/2017
Malaysian securities regulator introduces robo-advisor framework
Digital investment management is a fund management business which incorporates innovative technologies into discretionary portfolio management services.
05/09/2017
China’s financial regulators appear determined to tighten rules further, boost oversight
Jittery investors urged not to overreact to ‘mild deleveraging’ of marketplace, amid effort to bolster and prioritise financial security
05/08/2017
Philippine finance minister points to imminent central bank governor decision
Current central bank governor to step down in July
05/08/2017
Tighter rules unveiled for HK platforms and robo-advisers
The regulator has also suggested that online platform providers may be forced to sign post extra warnings to investors about the risks of such products before the point of sale or advice.
05/07/2017
Key player criticises plan for super watchdog
The proposal is broadly in line with the recommendations of the Ramsay review of external dispute resolution in the financial system.
05/07/2017
Thai central bank chief welcomes proposal to reduce US dollar transactions
Japanese plan moots bilateral currency swap safety net
05/06/2017
Set up regional hub for South Asia in New Delhi, Arun Jaitley urges ADB
For quite some time, he said, India has been requesting ADB to adopt Country Systems in this regard