06/22/2017
HK boosts link between mainland, overseas markets
The SFC will work closely with the China Securities Regulatory Commission to ensure smooth implementation, the SFC statement added.
Legal, Regulation & Compliance
06/22/2017
Edmond de Rothschild fined for alleged involvement in 1MDB scandal
The affair, however, is mentioned in the annual report published in June.
06/21/2017
Warning: Cryptocurrency Scams Are Posing as China's Central Bank
The PBoC went so far as to warn Chinese consumers that so-called "digital currencies issued by PBoC" could be a part of a pyramid scheme.
06/21/2017
Asset managers must be more ‘resilient’: ASIC
ASIC chairman Greg Medcraft has warned fund managers about “structural vulnerabilities” in the sector that could present “financial stability risks”.
06/21/2017
Asian central banks have cause to keep holding rates while the Fed hikes
China's central bank, which raised some interest rates after the Fed's March move, kept them unchanged this time.
06/20/2017
Singapore crowdfunding platform CoAssets gets capital markets services licence
The firm said that, with the licence in hand, it would be able to once more engage its 55,000 users in Singapore.
06/19/2017
China to promote wealth management investment in commodities -regulator
"Commodities are indispensable resources for the industrial economy," Fang said.
06/19/2017
MBSB-AFB submits merger application to Bank Negara for approval
It said further announcements would be made upon receipt of Bank Negara's decision.
06/18/2017
HKMA Chief Chan Sees No Need to Change City's 34-Year Dollar Peg
Chan lists four conditions for city to consider a yuan peg
06/17/2017
CCI gives nod to Kotak Mahindra Bank for stake acquisition in insurance arm
Kotak Mahindra Old Mutual Life Insurance is a joint venture between Kotak Mahindra Bank, its affiliates, and Old Mutual Plc.
06/17/2017
Of Switzerland, black money and India!
Switzerland is a known safe haven for illicit wealth.
06/16/2017
'Jho Low's award-winning superyacht bought with 1MDB funds'
The department said Low had claimed in an email to his London lawyer and a senior BSI banker that World View Ltd is a family trust for his family.
06/16/2017
IMAS and Stradegi publish fair valuation guide
The paper proposes best practices in appropriate governance, price sourcing, valuation monitoring and fair valuation methodologies, ensuring standardised fair valuation for investors.
06/15/2017
Regtech Poised To Take Off In Southeast Asia
The new reforms have dramatically increased challenges and costs for the financial sector related to compliance, reporting and supervisory requests.
06/15/2017
UBS Securities pays $280,000 in infringement notice penalties
UBS operates a crossing system known as UBS PIN.
06/15/2017
Taiwan tightens Formosa bond rules as interest rates stay low
But insurers seeking yield will continue to fuel the boom
06/15/2017
Tightening impact assessed
The request is on top of information Chinese banks must provide for the central bank's quarterly risk assessment, known as MPA.
06/15/2017
Beijing removes assistant chair of China banking regulator
The State Council announcement gave no reason for Mr Yang’s dismissal.
06/15/2017
One Nomura Trader Convicted, One Cleared at Bond Fraud Trial
Third trader faces possible retrial as U.S. weighs options
06/15/2017
US Seeks Record Recovery of $540M in Case of Looted Sovereign Wealth Fund
The inner circle of Malaysian Prime Minister Najib Razak was involved in the conspiracy, which began in 2009 and continued through 2015, the complaint alleged.