08/03/2022
The comment highlighted regulators’ growing concerns of financial risks in the banking system amid scandals in Henan and Anhui provinces as well as a mortgage-payment revolt that has spread to over 90 Chinese cities.
08/03/2022
The bank is expected to argue that its future depends on its global network of clients and services and may reportedly respond to Ping An’s call by accelerating its exit from non-core markets and deployment of additional capital in Asia.
08/03/2022
Mr Simeone’s conduct demonstrated he was not adequately trained or competent, was not a fit and proper person and was likely to contravene a financial services law in the future.
08/03/2022
The awards identify and honour the most important transactions and cases with the most complex and outstanding legal work in Asia.
08/02/2022
After considering submissions on the discussion paper, APRA intends to release draft enhancements to the SPS 515 framework early next year for a further round of consultation.
08/01/2022
The MOU provides a framework for supervisory cooperation between the two authorities in relation to financial services including stock exchanges and technical cooperation
08/01/2022
Total assets of the Exchange Fund stood at HK$4,210.5 billion at end-June 2022, a decrease of HK$359.7 billion from the end of 2021.
08/01/2022
"The proposed CPS 230 will also help ensure APRA-regulated entities meet the challenges posed by ongoing innovation and technological change in the financial services industry,”
07/29/2022
This second sustainability report by MAS is aligned with the TCFD recommendations - one of the few central bank reports in the world to do so.
07/29/2022
This webinar will be followed up with a BDA mission to Singapore this fall, as part of our broader Asia strategy.
07/29/2022
Four days later, Grant Thornton said in another call that up to 460 employees were to be laid off with immediate effect.
07/29/2022
The firm’s licence has been suspended for six months.
07/28/2022
In an Australian first, ASIC successfully took action in the Federal Court against an entity for failing to adequately manage cyber risk.
07/26/2022
The first of the new publications will be issued in September and will cover aggregate quarterly data on the industry’s structure and profile, member demographics and investments.
07/26/2022
Volt has now completed the process by voluntarily transferring the remaining 441 accounts, with a total deposit value of $113,073, to the National Australia Bank.
07/25/2022
New Mexico-headquartered Thornburg had US$42 billion of assets under management as of June 2022.
07/21/2022
Under the newly added payment arrangement for property transactions (PAPT), bank customers may choose to adopt direct transfer via the interbank payment system for a mortgage refinancing transaction
07/21/2022
The SFC also found that between 3 December 2012 and 26 March 2020, RBC had breached the Securities and Futures (Client Securities) Rules
07/20/2022
This figure is far behind the global trend where markets in Europe and North America have recovered to around 60% of pre-crisis travel mobility levels.
07/20/2022
The company mishandled client assets on several occasions.