03/14/2016
ASIC to investigate CommInsure
The investigation will aim to make sure CommInsure reforms its processes and reviews its insurance products and claims handling, Fairfax Media reports.
Legal, Regulation & Compliance
03/11/2016
Macquarie Bank licence curbed by ASIC after client accounts breach
Macquarie has filed an application for review of the decision in the Administrative Appeals Tribunal and has also sought a stay of the decision pending the outcome of the review.
03/11/2016
Bangladeshi tycoon with $12 bn in Swiss bank faces graft charges
Shamsher has been questioned by the commission several times in recent months after he allegedly failed to explain his position to investigators.
03/11/2016
Hanlong exec gets largest insider trading sentence in Australian history
ASIC worked with the Commonwealth Attorney-General’s Department, the Commonwealth Director of Public Prosecutions, the AFP, the Hong Kong Department of Justice and the Hong Kong Police in securing Mr Xiao’s surrender to Australia.
03/11/2016
Hong Kong Regulator Bans Hedge Fund Founder
The SFC is stepping up scrutiny of personal trading irregularities in the hedge-fund industry.
03/10/2016
New Zealand central bank surprises market with rate cut
The central bank also signaled at least one more rate cut to come.
03/09/2016
Goldman Adviser to 1MDB Quit After Alleged Bank-Policy Violations
Tim Leissner was firm’s point man with Malaysian state fund
03/09/2016
Ex-Goldman Sachs banker wasn't in Singapore when 1MDB deals took place: MAS
He was not based in Singapore when his alleged involvement in the 1MDB deals took place
03/08/2016
Ex-Goldman Banker to Malaysia Fund Subpoenaed in U.S. Probe
From Malaysia to Switzerland to the U.S. investigators have been trying to trace whether money might have flowed out of the fund and illegally into personal accounts.
03/08/2016
Iran, Singapore Willing to Boost Economic Ties
For his part, Balakrishnan hailed a recent agreement signed between Iran and Singapore on joint investment
03/07/2016
International law firm in talks with Singapore boutique
Has been open about its desire to secure international expansion, and has had a office in Singapore since 2009
03/07/2016
Australia's financial regulator is going after ANZ for market manipulation
ASIC says ANZ was seeking to maximise its profit or minimise its loss to the detriment of those holding opposite positionss.
03/07/2016
Four more foreign banks get Myanmar licence
A total of 13 foreign banks have now been given permission to operate inside the Southeast Asian nation.
03/07/2016
Sujana Summoned in Mauritius Bank Case
The court had issued summons to the board of directors to appear before it on March 5.
03/07/2016
Bills adopted for regulating virtual currencies
The bill calls on virtual currency exchange service providers to register their business with the Financial Services Agency so that the agency can monitor them.
03/03/2016
US probing Barclays hiring practices in Asia
About 10 banks in the United States and Europe have said they are being investigated by US agencies over aspects of their foreign recruiting.
03/03/2016
Trump and China Threaten Economy, Columbia Threadneedle CIO Says
The outcome of the U.S. election is going to be a negative event
03/03/2016
PNG PM shrugs off outstanding warrant
Mr O'Neill said that the legal case was taking its course.
03/03/2016
Hong Kong Companies: The Vehicle of Choice for China Inbound Investment
Hong Kong is the economic and financial gateway to China and Hong Kong companies are the vehicle of choice for China inbound investments.
03/02/2016
S'pore, Iran ink bilateral treaty on investment
Singapore is the second country, after Japan, to sign a bilateral investment treaty with the Middle Eastern nation after international sanctions were lifted in mid-January.