09/12/2016
Banks raise term deposit rates selectively
The bank argues that is because deposits on platforms are treated differently by regulators, and this means they often pay a lower interest rate.
Legal, Regulation & Compliance
09/12/2016
Aborted DBP-LBP merger
Their employees have reason to be hopeful that their jobs, at least for the time being, are secure.
09/12/2016
New Myanmar investment law is the ‘right move’
International lawyers have welcomed Myanmar’s new investment law
09/12/2016
China may keep CSRC as a standalone watchdog as urgency eases on creating super regulator
Discussions are still ongoing as to whether to fold the banking and insurance regulators under the purview of the People’s Bank of China, officials said
09/11/2016
Is the Hong Kong Monetary Authority being two-faced on bank accounts?
Tough on money laundering and tough to get basic services
09/11/2016
Directors of collapsed options broker BBY to take the stand
In an annual report to creditors published yesterday KPMG said there may be grounds to pursue directors for trading while insolvent, a state they believe the company was in 2011, four years before its ultimate collapse.
09/09/2016
Moves to loosen restrictions on banking services to SMEs in Hong Kong are "a welcome step"
The HKMA statement underlined the importance of anti-money laundering and counter-terrorism controls, but said that a risk-based approach should be adopted by banks to stop small firms from being effectively excluded from banking services.
09/08/2016
Bank Indonesia Pessimistic about Fruits of Tax Amnesty Program
Before the start of Indonesia's tax amnesty program in July 2016, Bank Indonesia estimated that the amnesty program would bring home about IDR 560 trillion
09/08/2016
Top Perth law firms in formal merger talks
The firm’s founding partner Piet Jarman said that the merger will equally benefit the law firm’s current clients.
09/08/2016
Tax watchdogs go hunting in packs
“This week of action is the result of months of collaboration with domestic Agencies to share intelligence and information,” Ms O'Dwyer said.
09/07/2016
Bringing needs-based solutions for Asia's wealthy
In a changing landscape driven by factors such as regulation, client appetite and the investment environment, it is all about staying relevant.
09/07/2016
JPMAM wins license for wholly owned asset management firm in China
The news release said JPMAM becomes the first foreign player to garner an asset management wholly foreign-owned enterprise license.
09/07/2016
Morgan Stanley pays $123,750 penalty
The compliance with the infringement notice is not an admission of guilt or liability.
09/07/2016
Hong Kong regulator bans two ex-HSBC advisers for life
The District Court also found that Chau referred her customers to Chow so that he could obtain more sales commission
09/07/2016
Bank license in hand, CIMB makes Vietnam foray
CIMB's move into Vietnam reinforces its presence in the region.
09/07/2016
Hua Nan Bank given green light to set up branch in Manila
Hua Nan Bank has become the first Taiwan bank to set up a branch in Southeast Asia
09/07/2016
Mahindra and Barclays Wealth Sign Global Strategic Relationship
SOFGEN has market leading domain expertise in various banking systems and has been retained by Barclays Wealth for in excess of 10 years.
09/06/2016
Standard Chartered, ICBC sign MoU
The alliance through the MoU sets out a conceptual framework and guiding principles for the two banks through which ICBC would benefit from Standard Chartered’s presence and banking experience in Pakistan.
09/06/2016
Coalition says Panama Papers sparked action against more than 100 Australian taxpayers
Ministers say analysis of papers by crimes taskforce also resulted in 15 unannounced visits and three search warrants
09/06/2016
Duterte administration stops DBP-Land Bank merger
According to the GCG, “more underserved and unbanked areas will be reached by the surviving bank through rationalization of the existing branch networks of DBP and Landbank.”