10/26/2016
RegTech will change the way we regulate
The emerging field of RegTech promises an algorithmic alternative to regulation that can reduce friction and simplify compliance
Legal, Regulation & Compliance
10/26/2016
PBOC Said to Test Extra Monitoring of Wealth Management Products
Extra scrutiny could cool growth in the products as China tries to rein in financial risks that could tank the economy
10/26/2016
Further government action needed to level the banking playing field, says MyState
MyState loan book exceeds $4 billion
10/26/2016
China to monitor banks’ wealth management products
New supervisory tool provides a comprehensive risk and credit exposure review for individual banks
10/25/2016
ADB Asian Development Bank: Central Asian Countries Identify $94 Billion Energy Investment Needs to 2023
The findings were presented at the 1st Energy Investment Forum of the Central Asia Regional Economic Cooperation.
10/25/2016
RBNZ to replace 90-day bank bill projection for track of OCR
Variations in the past have generally been temporary and experienced during periods of financial stress.
10/25/2016
NZ reserve bank to publish projections for official cash rate, rather than the 90-day bill
The projections will continue to be on a smoothed quarterly average basis.
10/25/2016
Senior Deutsche banker sentenced to prison over a fatal car crash
The offence was punishable by 10 years’ imprisonment.
10/24/2016
China warns of property-related financial risks
Irregular inflow of loans or wealth management funds into the property sector must be banned, said the statement.
10/24/2016
Crackdown on underground banks intensifies as concerns over outflows increase
The classic ways of moving money out of China illegally include fake trade invoices and disguised card spending abroad though new methods are emerging, such as buying insurance policies in Hong Kong.
10/24/2016
Singapore Ties Up with Fintech Valley of India
The Monetary Authority of Singapore and the Government of Andhra Pradesh have signed a Fintech Cooperation Agreement
10/24/2016
BSP seen to finally raise rates next year
Philippines is the only central bank in Asia that would likely tweak interest rates next year.
10/20/2016
Local law firm named Fast Firm for 2016
The on-boarding of both lawyers paved the way for the re-birth of the company.
10/19/2016
Narev points to GFC for bank dissatisfaction
The chief executive admitted during the GFC the bank let customers down and took too long to realise that expectations had changed.
10/19/2016
Japan to tighten regulations on high-frequency traders
HFT accounted for about 70 per cent of orders placed at the Tokyo Stock Exchange in 2016.
10/19/2016
Jersey Deal Volume Up in First Half of 2016
The latest edition of Offshore-i, an Appleby report that provides data and insight on merger and acquisition activity in the major offshore financial centres, focuses on transactions announced during the first half of 2016.
10/19/2016
UK regulator approves Singapore Exchange's takeover of London's Baltic Exchange
FCA has approved Singapore Exchange's 87 million pound takeover of London's Baltic Exchange
10/18/2016
China's risk clamp down hits commodity trades, niche broker business
Now, fresh launches are just a trickle as the brokers comply with new rules that include a ban on guaranteed returns.
10/17/2016
Standard Chartered receives approval to issue SDR bonds in China
StanChart is looking to issue 100 million SDRs and the bonds will be settled in renminbi.
10/17/2016
Australian banks to use PLO precedent against US hedge funds
The ruling confirmed that in order for a US court to take on a case with offshore elements.