03/28/2017
China’s central bank thinks digital currency can do one thing cash can’t
With the popularity of digital currency, cash usage will drop significantly
Legal, Regulation & Compliance
03/28/2017
Ogier advise on first foreign company non-interbank "Panda bond" offering on Shanghai Stock Exchange
The listing is also the first Russian "Panda Bond" offering – the name given to overseas debt sold in the Chinese market.
03/28/2017
Five plead not guilty to embezzling Maybank
They are alleged to have dishonestly misappropriated the money into their Maybank accounts at the bank’s various branches in Selangor between December 2014 and January 2015.
03/27/2017
SFC reprimands and fines Merrill Lynch Far East Limited & Merrill Lynch (Asia Pacific) Limited $15 million over internal control failures
The Securities and Futures Commission has resolved its concerns with Merrill Lynch The SFC also took into consideration MLFE’s board of directors have undertaken that the problems unveiled in the review findings concerning the compliance with requi
03/27/2017
The games politicians play!
He claimed the situation demanded that Pakistan should approach the Swiss government for a treaty surrounding the exchange of information.
03/27/2017
China and New Zealand agree to boost already-close trade ties
The first of its kind between China and a developed country.
03/27/2017
17-081MR ASIC cancels AFS licences for failing to lodge annual statements
The annual lodgement of audited accounts is an important part of a licensee
03/26/2017
Banks in Indonesia Restrained from being over Aggressive in Credit Expansion
A Bank Indonesia executive has cautioned bankers to keep from being too aggressive in credit expansion
03/24/2017
Luxembourg in ‘breakthrough’ tax treaty talks with Australia
Gramegna added that over the past year Luxembourg has improved tax transparency to become compliant with OECD standards.
03/24/2017
Former adviser cops ASIC reprimand
The regulator determined that Anthony Wilson had failed to comply with financial services laws between 30 July 2007 and 30 June 2013
03/24/2017
Barclays fined following ASIC investigation
It was found the Barclays entities failed to disclose to clients that they weren't required to hold an AFSL and are regulated by the respective overseas regulatory authority.
03/24/2017
Singapore regulator calls for end to ‘plague of misconduct’
Internationally, regulators have been cracking down on illicit fund flows, with several financial institutions being penalised for lapses in money laundering controls
03/24/2017
Korean govt arranges $6 billion rescue deal for DSME on condition private lenders chip in
DSME’s main creditor and largest shareholder Korea Development Bank announced the new rescue scheme on Thursday
03/24/2017
Barclays Hit By Aussie Regulator
The Barclays entities failed to disclose to clients that they were exempt from holding an Australian Financial Services Licence and are regulated by the relevant overseas regulatory authority
03/24/2017
Barclays Penalized by Australian Regulator for Disclosure Lapses
BCI also failed to notify ASIC of certain offshore investigation and enforcement matters within the time required of FFSPs.
03/23/2017
Diamond Trust Bank to acquire Habib Bank
If approved, this will be the third successful acquisition in the banking sector in less than a year.
03/23/2017
China to Build New Industrial City in Tangiers
It will be a new international smart city where industry and innovation respect ecology requirements.
03/23/2017
Phatra Securities inks path-breaking deal with Credit Suisse
They also outline how and why this is the first step of a grander plan for the firm to create a try open-architecture platform – including an evolution towards wealth solutions
03/23/2017
PH targets 2 more qualified Asean bank agreements
ABIF is designed to realize the vision of “One Asean Community” with qualified banks as vehicles for maximizing the vast trade and investment potential in the region.
03/23/2017
ASIC permanently bans Queensland adviser
ASIC said Logan's conduct was not a lapse of judgement, but a deliberate and repeated act of dishonesty, displaying a lack of integrity and professionalism.