07/06/2015
Key whistleblower hits out at witch-hunts
One of the financial services insiders who first raised the alarm about Trio/Astarra, Dominic McCormick, has strongly criticized the media's coverage of alleged problems with IOOF
Legal, Regulation & Compliance
07/06/2015
Keeping ahead of the compliance curve
In an evolving regulatory environment, it is important that institutional investors are kept abreast of regulatory and compliance issues
07/06/2015
China’s Mutual Recognition of Fund Scheme Draws First Applicants
Eleven international asset managers have applied to take part in China’s mutual recognition of fund scheme
07/06/2015
Disclosures to enjoy immunity under FEMA: Black Money FAQs
The government will give immunity from prosecution under FEMA
07/06/2015
Greek co wants damages from Indian-origin investor and Softbank VC Nikesh Arora
A Greek company reportedly filed a lawsuit in a New York court against Softbank's Indian-origin Vice Chairman Nikesh Arora.
07/06/2015
APRA releases information paper on outsourcing involving shared computing services, including cloud
The Australian Prudential Regulation Authority today released an information paper on prudential considerations and key principles in relation to outsourcing involving shared computing services, including cloud.
07/05/2015
25 Chinese mutual fund houses seek to speed up application and issuance of equity funds
The announcement follows near-daily government policy moves over the past week
07/05/2015
Singapore to remove distinction between international and domestic banking
The divide also made it easier to offer incentives to encourage offshore banking activities out of Singapore, Tharman said, but focusing incentives in the ACU.
07/05/2015
Malaysian Leader Faces Risk of Criminal Charges Over Fund
It is one of the worst political crises for Najib, who has come under increasing criticism over his leadership.
07/05/2015
Common reporting standards: Expanding the landscape of financial information reporting
The Philippine and US governments are expected to soon sign the Inter-Government Agreement which will provide guidance on how financial accounts of US persons should be reported to the US Internal Revenue Service to comply with the Foreign Account Tax Com
07/03/2015
WSJ: 1MDB's RM2.6b found in 'PM's accounts'
In another sensational expose, The Wall Street Journal (WSJ) reported today that Malaysian investigators have traced nearly US$700 million of deposits into what they believe are personal bank accounts of Prime Minister Najib Abdul Razak.
07/03/2015
Singapore tweaks proposed real estate investment trust market reforms
It also increased the limit on property development activities to 25 percent of a REIT's assets, from 10 percent, to allow more operational flexibility.
07/02/2015
Slater & Gordon looks to EY to clean up the mess
Embattled law firm Slater & Gordon will dump long-time auditor Pitcher Partners in favour of big four outfit EY as it tries to stem a sharemarket rout prompted by revelations ASIC is probing its accounts.
07/02/2015
Offshore law firm Acts For CIC Gold On London Stock Exchange IPO
Seychelles registered company floats on London’s main market
07/02/2015
ENSafrica recognised for India-related work
ENSafrica has been named as a top international law firm for India-related work by the India Business Law Journal.
07/02/2015
Government securities 'investment' may hit returns prospects for Ulip holders: Industry
Investors in unit-linked insurance plans may get lower returns and fewer choices if the insurance regulator's proposal on mandatory 25% investment in government bonds becomes a rule
07/01/2015
Singapore to ease banks' local and offshore regulations
Banks in Singapore need to divide their local and offshore operations into domestic banking units and Asian Currency Units.
07/01/2015
China IPO Funds Threatened as Regulators Mull Share Sale Ban
The IPO funds flag tensions in China’s financial system, where capped deposit rates are pushing savers into ever riskier products.
07/01/2015
India Needs Improved Regulations for Private Equity: McKinsey
Private equity investors in India have seen their returns erode sharply since the global financial crisis and need regulatory changes
06/30/2015
Banks free to test certain digital innovations without approval: MAS
FINANCIAL institutions are free to test out certain digital innovations without the approval of the regulator, but are responsible for some inevitable risks behind such services.