02/12/2015
Fran O'Sullivan: Watchdog needs to be open about probe
FMA should have told the market what is being investigating at Milford and given an assurance of a full report.
Legal, Regulation & Compliance
02/12/2015
Insurance fraudster Chen Yi receives suspended death sentence
Ex-insurance boss Chen Yi receives most severe punishment yet for illegal wealth products
02/12/2015
Basel III: Challenges ahead for banks
Muhammad Anwarul Karim in the first of a two-part article titled 'Implementation of Basel III in Bangladesh'
02/12/2015
MAS seeks more bite to oversight of derivatives, securities
THE Monetary Authority of Singapore (MAS) has proposed legislative amendments to strengthen its enforcement powers on over-the-counter (OTC) derivatives trading and the securities market
02/12/2015
Indian firms seek low-cost bank licences
Top Indian firms, including Reliance Industries and Bharti Airtel, have applied for licences to set up low-cost banks that could bring millions more people into the formal banking sector.
02/12/2015
KEB woes faze Hana Financial
Suspended bank merger, KEB’s poor showing give headaches to Korea’s No. 2 banking group
02/11/2015
Hong Kong Central Bank Warns Against Bitcoin Following Alleged Scam
Members of the public should exercise extra caution when considering an investment in bitcoin because of the digital currency's "highly speculative" nature
02/11/2015
Elliott Takes Aim at Bank of East Asia
The $25 Billion Hedge-Fund Firm Goes to Court to Obtain Information on the Hong Kong Lender’s Sumitomo Deal
02/09/2015
Is RBI targeting $500 billion forex hoard?
Forex reserves report a sharp weekly climb of $5.85 billion; RBI needs forex ammo to keep rupee stable when interest rates start rising in the US
02/09/2015
How Can National Fund 1MDB lie to the people?
Party secretary-general Rafizi Ramli said both the central bank and Finance Ministry should act against the strategic development firm.
02/09/2015
SEC Imposes Sanctions Against China-Based Members of Big Four Accounting Networks for Refusing to Produce Documents
The settlement is an important milestone in the SEC’s ability to obtain documents from China
02/09/2015
Kerry Packer, Elle Macpherson linked to secret HSBC Swiss accounts
A cache of leaked files shows prominent Australians, including business people and celebrities, are among thousands identified as having held secret Swiss accounts with one of the world's largest banks
02/09/2015
Malaysian lender CIMB axes Australia unit
CIMB is to shutter its 100-strong Australian arm, as part of a restructuring to cut a third of costs from its Asia Pacific investment banking unit in the wake of its failed three-way merger with Malaysian rivals.
02/09/2015
Bangko Sentral seen tweaking special deposit rates to arrest disinflation
Philippine inflation may fall below the target range in the coming months, prompting the Bangko Sentral ng Pilipinas to use its special deposit accounts to ease disinflationary pressure.
02/09/2015
Sharing tax details: door for dialogue still open, says Swiss Finance Ministry
The declaration that the “door for dialogue” is open is significant as it comes at a time when the Indian Government is stepping up its fight against tax evasion and fraud.
02/08/2015
Our association with India has been excellent: ADB’s Bindu Lohani
Lohani hopes Asian Development Bank to participate in the country’s plans forskill development,smart cities, clean energy and climate change mitigation
02/08/2015
BSP likely to keep rates steady—ING Bank
The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas, will likely keep the current monetary policy stance during its first meeting for the year
02/06/2015
Bank Negara queries bank auditors on unpaid 1MDB loan
Sources said the feedback given to the central bank was that it is likely to be categorised as a non-performing loan, but there will not be any bottomline impact yet as the loan is secured against 1MDB’s power assets.
02/06/2015
BRICS to pursue Green Global Fund with World Bank cooperation
In a significant move by BRICS, environment ministers of the five member countries are to meet in Moscow in April to discuss taking forward the proposal for creating a Green Global Fund in cooperation with the World Bank to support initiatives that are en
02/06/2015
Subrata Roy bail falls through after forging bank letter
This admission is a major setback for Roy, jailed in India on contempt charges.