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.
Legal, Regulation & Compliance
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
05/05/2017
Ashurst agrees local law tie-up in Singapore
International law firm Ashurst today announces the launch of a Formal Law Alliance (FLA) with Singapore law firm ADTLaw.
05/04/2017
Mergers allow State Bank of India to mitigate risks, expand global presence
With this mega-merger SBI has again displayed its ability to change and evolve to continue as the champion among banks in India and will join the league of top 50 banks globally in terms of assets.
05/02/2017
HK judge sees unbridled greed behind DBS private-wealth dispute
He also sits on the board of ICBC, China's largest bank.
05/02/2017
India to see regulations for fintech space soon
Over the next quarter, insurtech may come into its own in India, according to the report.
05/01/2017
Clifford Chance exits Bangkok, Jakarta amid APAC refocus
It says it can deliver that by investing more in its Southeast Asia hub.
05/01/2017
Financial firms scramble to meet MiFID II deadlines
The survey says that financial firms spend approximately 4 percent of their budget on compliance as of now, but it could increase to as much as 10 percent by 2022.
04/29/2017
Malta scandal exposes New Zealand trusts again
New Zealand changed its laws on offshore trusts last year