09/05/2016
Malaysia PM confirmed as involved official in wealth fund scandal
Complaints recently arose accusing high level officials of conspiring to misappropriate USD $3.5 billion from 1MDB.
Legal, Regulation & Compliance
09/05/2016
Supreme Court Asks Sahara Group To Disclose Source Of Money Raised
It should be any of the three alternatives. Money did not fall from the heavens.
09/05/2016
Sebi seeks major changes to new KYC process
In a letter to finance ministry last week, Sebi said market intermediaries are facing trouble empanelling new clients
09/05/2016
China central bank outlines rules on investment quotas under RQFII
The rules were jointly issued with SAFE.
09/05/2016
Best and brightest revealed at sell-out event
Almost 800 people were in attendance at this year’s event, which celebrated the achievements of 32 award recipients.
09/05/2016
Why TIBOR remains positive despite negative-rate policy
The TIBOR is more likely to reflect prevailing rates as creditworthy banks can borrow money at low interest rates.
09/02/2016
Former PNG PM Somare named as recipient in Singapore money laundering case
Sam Koim, the chairman of Papua New Guinea's anti-corruption squad Taskforce Sweep, said his team had been working with Singaporean authorities on the case.
09/01/2016
CPPIB gets RBI nod for raising stake in Kotak Bank
CPPIB picked up stake in the bank from Japanese multinational Sumitomo Mitsui BankingCorp through open market operation earlier this year.
09/01/2016
China Engages in 'Backdoor QE' as Monetary Policy Shifts, Says Jefferies
Policy easing in China is bigger than you think.
09/01/2016
Mizuho Bank’s Appeal Against Mt Gox Related Lawsuit Dismissed
A US Court has dismissed the appeal filed by Mizuho Bank against Mt Gox customers' class action lawsuit.
09/01/2016
J.P. Morgan Gets Stand-Alone Asset-Management License in China
License is registered in Shanghai’s free-trade zone
08/31/2016
Australian Commonwealth Bank to shut down India operations
Commonwealth Bank was the first Australian bank to open a branch in Mumbai when it started its operations in the city in August 2010
08/31/2016
New Rule: High networth foreign nationals can settle in India
In a bid to lift the construction sector, the government also approved new norms that will help in quicker resolution of disputes to kick-start stalled projects can make access to financing easier.
08/31/2016
SFC reprimands and fines BNP Paribas Wealth Management $4 million
The SFC’s investigation found that at the material time, the monetary benefits, including charges, mark-ups and fees, received by BNPPWM from around 2,300 client transactions exceeded the levels it represented in its documentation provided to the cl
08/31/2016
World Bank Bond Issue Gives China Chance to Promote Yuan
Three-year bond is denominated in so-called special drawing rights and will pay an annual yield of 0.49%
08/30/2016
Storm Financial investor slams court decision
The court has now found that advice given to "certain investors" was "inappropriate to their personal circumstances."
08/30/2016
New Asia infrastructure fund attracts Japan Inc, says ADB official
The ADB estimates Asia's infrastructure financing needs at $800 billion a year.
08/30/2016
BOJ's Kuroda hints at negative-rate bias
The central bank's negative-rate policy is working.
08/28/2016
Regulator set to launch robo-advisor test bed
"We will operate a test bed, inviting local financial services or technology firms to join the initiative."
08/28/2016
Westpac accused of bullying Sydney manager
She said the bullying behaviour included "shouting, demeaning behaviour, retrospective changes to her performance reviews, victimisation and instructions not to make any further complaints" about the bullying.