04/14/2015
China weighs up relaxing nascent OA market
The OA scheme came into force in January 2015. Similar to enterprise annuities, the OA scheme consists of contributions from both employees (4% of salary) and employers (8% of salary).
Legal, Regulation & Compliance
04/13/2015
Foreign bank alerts Sebi on HNI kickbacks, refrains from naming intermediaries
A month ago, the head of the foreign bank's private banking division, which caters to well-heeled investors, along with the institution's compliance team met Sebi officials to discuss the matter.
04/13/2015
Finding the IBOR That Fits Your Institution’s Needs
In searching for an Investment Book of Record (IBOR), financial institutions (FIs) need a solution built to address the need to record, process and distribute investment data in the different views required by stakeholders.
04/13/2015
ED begins probe against Naveen Jindal, his family
Enforcement directorate has begun a probe against industrialist and Congress leader Naveen Jindal and his family for alleged contravention of forex laws in operating bank accounts in Singapore, a charge denied by the former MP.
04/12/2015
MYOB's $A830m IPO: regulator raises disclosure concerns
MYOB hopes to finalise its listing price on the ASX by the end of this month
04/12/2015
India to establish Dubai's Rera-type regulator to control realty market
Law will ensure compulsory registration of projects with regulator and penalties among other rules
04/10/2015
Trust comes with GIPS compliance
Taikang Asset Management Co Ltd became the first insurance-owned asset management firm to claim compliance with the Global Investment Performance Standards in China
04/10/2015
IndusInd Bank agrees to buy jewellery financing biz from RBS
IndusInd said this strategic relationship will facilitate deeper industry and client insights and in turn lead to improved client servicing, enhanced revenue opportunities and better risk management.
04/09/2015
Taiwan’s FSC to introduce new regulation for offshore managers
The new directive will come into force in April 2017
04/09/2015
Singapore central bank may ease policy further to counter slowing growth
Singapore's central bank could loosen monetary policy for a second time this year
04/09/2015
Trust comes with GIPS compliance
A common language for firms to communicate with investors
04/08/2015
Another foreign bank all set to open branch in PH
We are going to make an announcement this week after the bank makes its own official announcement
04/08/2015
Australian Central Bank Rules On Bitcoin Regulation Stance
Bitcoin has been quite the hot property in Australia over the past eighteen months, and it has caught the attention of the nation’s financial regulators, as it has in nations worldwide.
04/08/2015
Australia's ANZ Bank wins appeal on landmark unfair fees class action
The ANZ case is the first of a series of class actions brought by law firm Maurice Blackburn against Australian lenders seeking repayment of allegedly excessive and unfair fees
04/08/2015
Banks suffer executive loss after salary limit
BOC's Zhu has been placed in China Everbright Group, a joint-stock enterprise, and Ling Tao, former deputy director of the central bank's Shanghai branch, has been taken the position of president of Shanghai Huarui Bank, a private bank.
04/08/2015
International law firm promotes five lawyers across the Firm
Has announced the promotion of five lawyers to the role of Partner and Counsel
04/06/2015
Swiss ups vigil as India threatens criminal action
Switzerland has been making efforts to strengthen its bilateral cooperation with India and some other countries on tax matters, as many Swiss banks are finding themselves in regulatory crosshairs in multiple jurisdictions.
04/06/2015
Capital buffer pressures build for Asia banks
Asian banks are bracing for the impact of new capital adequacy rules, even if the region's regulators choose not to follow global proposals on total loss-absorbing capacity, or TLAC.
04/06/2015
Banks, insurers asked to create common IT platform for new schemes
To roll out three new social security schemes announced in the Budget, the government has asked banks and insurers to develop a common infotech module by June.
04/06/2015
The DFSA Strengthens Ties With Indonesian Regulator
This signing followed a meeting a few days earlier in Bangkok between Mr Johnston and Khun Tipsuda Thavaramara, Deputy Secretary General of the Securities and Exchange Commission, Thailand.