10/14/2022
China’s central bank governor says policy measures will be stepped up to boost economy
He also said the central bank will support financial institutions to issue equipment upgrade loans to key sectors, including the manufacturing sector.
Legal, Regulation & Compliance
10/14/2022
Frontier promotes three
Jenny Li and Brad Purkis are now consultants.
10/13/2022
IMF stands by BOJ governor Kuroda’s rock solid easing stance
The Japanese currency is trading well below the level that triggered a direct market intervention from the government last month, heightening focus on whether Japan may step into the market again.
10/11/2022
MAS Bans Ex-BSI Banker Over Unreported 1MDB Transactions
The investigation focuses on his role in dealings with the BSIS unit and relationships with 1MDB subsidiaries as well as Aabar Investments PJS Limited, ostensibly a subsidiary of Abu Dhabi-based Aabar Investments PJS.
10/10/2022
CIFAA appeals to members with PI reduction
This was compounded by the fact that overseas insurers could be reluctant to insure Australian advisers as they were deterred by actions prior to the Hayne Royal Commission.
10/06/2022
Optus data breach: update for APRA-regulated entities following Federal Government announcement
Any data shared can only be used for the purposes of implementing enhanced monitoring and safeguards for customers affected by the data breach.
10/05/2022
Hong Kong regulator revises leniency policy for cartel conduct
The revised policy is intended to offer clearer guidance and enhanced incentives for individuals to cease their involvement in cartel conduct and report it to the Commission
10/04/2022
India and Maldives exchange USD 100 million agreement for key infrastructure projects
The Indian and Maldivian governments exchanged agreements for USD 100 million Line of Credit on Sunday for key infrastructure projects.
10/03/2022
ASIC remakes business introduction services relief for managed investment schemes
The extended relief clarifies that the design and distribution obligations apply to persons who, but for the relief, would otherwise need to comply with the DDO.
10/03/2022
Harneys advises MTT Group Holdings Limited on its Hong Kong IPO
Its shares were listed and commenced trading on the Main Board of the Hong Kong Stock Exchange on 26 September 2022.
10/03/2022
Tentative issuance schedule for HKSAR Government Bonds under the Institutional Bond Issuance Programme
The tentative issuance schedule is normally published by the HKMA on a half-yearly basis
09/30/2022
ASIC signs Consultation Agreement with Financial Markets Standards Board
The Agreement will facilitate the FMSB’s consultation with ASIC in the development of draft guidance and other publications, and provide ASIC with periodic updates on the FMSB’s strategy.
09/30/2022
SEC Fines Deloitte's China Affiliate Over Auditing Malpractice
"A fundamental goal of the PCAOB’s inspection regime is to identify weaknesses in the firms’ quality control processes — the very weaknesses at issue in this case."
09/29/2022
ASIC’s conflicted remuneration proceedings against Commonwealth Bank and Colonial First State dismissed
CBA staff signed up over 390,000 individuals to the Essential Super product between July 2013 and June 2019.
09/28/2022
ASIC publishes updated and expanded remediation guidance
‘To date ASIC has needed to oversee large scale remediations to ensure affected consumers were treated fairly and received the compensation they were entitled to,’
09/28/2022
APRA finalises new capital framework for private health insurers
The framework takes effect from 1 July 2023.
09/23/2022
Bank of Japan keeps ultra-low rates, dovish policy bias
BOJ Governor Haruhiko Kuroda is expected to hold a news conference at 3.30 pm (0630 GMT) to explain the policy decision.
09/22/2022
Singapore central bank chief says global inflation likely to stay higher for longer
He pointed to the war in Ukraine as one of the reasons for global supply disruptions which are among the factors driving prices higher.
09/21/2022
Court ruling on ASIC civil proceedings
AMP took action to rectify the issue, self-reported it to ASIC, apologised to customers and subsequently completed the remediation of affected members.
09/20/2022
Thailand regulator seeks to ban digital asset exchanges from taking deposits
Cayman Island-based Binance, the world’s largest crypto exchange operator, offers a service called Binance Earn which pays investors up to 3.6% annually on digital asset deposits.