03/15/2016
Harneys: The absence of a modern restricting regime and how to get around it
Absence of a modern restricting regime and how to get around it.
Legal, Regulation & Compliance
03/15/2016
South Korea fines HSBC and Deutsche $50,000 for FX swap collusion
The watchdog fined HSBC 46 million won and Deutsche 13 million won. HSBC's Seoul branch said it has cooperated fully with the Fair Trade Commission. Deutsche declined to comment.
03/15/2016
HSBC freezes at least $87m in accounts linked to linked to a Chinese tycoon
In a 2014 Financial Times investigation, people who have had dealings with Mr Pa — who goes by at least seven different names — claimed that he also had close ties to the Chinese intelligence services.
03/14/2016
China banking regulator warns of risks from overcapacity sectors — sources
The China Banking Regulatory Commission asked lenders to assess the credit risk and potential asset losses that loans to borrowers in sectors with overcapacity posed
03/14/2016
Chinese Regulators Speed Up Bad-Loan Help for Banks
Steps come as Chinese banks see sharp decline in profitability and surge in nonperforming loans
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.
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.