11/28/2014
Standard Life reviews products, distribution
The process, prompted by new rules, may see the UK insurer cutting or consolidating the number of funds on its platform.
Legal, Regulation & Compliance
11/28/2014
Bank regulator concerned about housing market overheating
Australia's bank regulator is eyeing a jump in the number of owner occupiers taking out interest-only loans, as it mulls action to stop the housing market from overheating.
11/28/2014
New RBI guidelines: India Post’s long wait to become a bank may be finally over
The final guidelines on differentiated banks, spelled out by the Reserve Bank of India on Thursday, has paved the way for India’s postal department to fulfill its long-cherished dream of wearing the hat of a banker.
11/28/2014
China deposit insurance scheme in the offing
China's deposit insurance scheme is expected to use practices commonly adopted in other nations, such as limited compensation for depositors and differential insurance premium rates for commercial banks.
11/27/2014
Financial planning industry welcomes FoFA compromise deal
The financial advice industry has breathed a collective sigh of relief at the Coalition's deal with Labor to permit the grandfathering of adviser commissions.
11/27/2014
New Securities Law Exemptions and Guidance for Employee Incentive Plans in Australia
On 31 October 2014, the Australian Securities and Investment Commission issued two new Class Order exemptions as well as an updated regulatory guide on employee incentive plans.
11/27/2014
Was China ready to bail out AIG?
Was China’s sovereign wealth fund poised to save U.S. taxpayers from the risk they took in bailing out American International Group Inc but then-Treasury Secretary Henry Paulson rebuffed the Chinese help?
11/27/2014
Herbert Smith Freehills advises underwriters on Hong Kong Aviation Limited RMB800 million dim sum bond offering
Herbert Smith Freehills has advised underwriters on the RMB800 million dim sum bond offering by Hong Kong Aviation Limited, a wholly-owned subsidiary of Hong Kong Airlines International Holdings Limited.
11/27/2014
Shariah risk rules seen lifting Indonesia banks
The rules are more specifically tailored for Islamic banks
11/27/2014
CNH Tracker-Hong Kong banks cut yuan deposit rates as stock connect disappoints
Some Hong Kong banks have started to cut yuan deposit rates in the wake of the launch of a long-awaited "stock connect" scheme that attracted only muted interest and less-than-expected demand for the Chinese currency.
11/27/2014
China blames politics for Indonesia development bank delay
China said on Thursday that "domestic reasons" had caused Indonesia to delay joining a new infrastructure bank seen as an attempt by Beijing to rival Western-backed international development banks.
11/27/2014
RBI allows banks to lend against infra bonds
Individuals can now get loans up to Rs 10 lakh from banks against their investment in long-term infrastructure bonds issued by same lenders
11/26/2014
Income-tax department raids Sahara offices
The Income Tax department has claimed to have seized Rs 135 crore in cash from the premises of Sahara group during its raids in Delhi and Noida in connection with alleged tax evasion charges.
11/26/2014
BOJ Governor Defends Easing Measures
Even adding the bank was ready to take further action if needed to achieve 2% inflation by around next year.
11/26/2014
Stricter capital rules may hamper Asian firms’ fund-raising
The capital that banks are required to hold against risky asset
11/26/2014
Taiwan’s FSC could relax QDII constraints
An FSC official explained that the directive would help domestic managers to promote Taiwanese fund product
11/26/2014
Appleby Advises ORIX Corporation on Japanese Acquisition
The Appleby team was led by Cayman’s Head of Insurance, Simon Raftopoulos
11/26/2014
Shenzhen bourse tightens up asset securitisation rules
The directive is mainly targeted at subsidiaries of securities brokerages and fund houses
11/25/2014
China's Han Kun enters Hong Kong market with local alliance
Beijing firm Han Kun Law Offices has launched a base in Hong Kong via an association with local firm Choy Cheung & Co.
11/24/2014
BNY Mellon closes Japan fund
BNY Mellon is to close its BNY Mellon Japan Equity Value fund due to its small size.