03/02/2021
ANZ’s upcoming half-year results will take a hit as a result of the writedown but its overall capital position will not be affected as it already holds 100 percent capital against its AmBank stake.
03/02/2021
Broadly positive sentiment towards emerging market assets was observed, particularly in East Asia, amid a search for yield that supported portfolio flows into these economies, the BIS says.
03/01/2021
All the other firms committed a single violation during the relevant period and were penalised between KRW 36 million and KRW 72 million.
03/01/2021
Westpac’s announcement highlights efforts by Australia’s incumbent banks to step up digitalisation efforts to defend their over 70 percent market share against neobanks/digital banks.
02/26/2021
Exposure to the three leading wealth platform stocks has helped the Pengana Emerging Companies fund so far this year as smaller players outpace traditional bank-owned platforms.
02/26/2021
A perennial question posed - what weight should be attached to guidelines issued by Labuan FSA.
02/26/2021
The committee ordered Woori Bank to compensate an 82-year-old man who had sought to protect his principal for 78 percent of his total investment, which had been frozen since 2019.
02/26/2021
To ensure that their regulatory efforts are well coordinated, the two regulators agreed to notify one another when preparing and issuing policies or guidelines which may have a significant impact on their respective regulatory functions.
02/26/2021
To address Covid-19 related vulnerabilities, the FSB will produce an assessment of initial lessons learned from the Covid Event for financial stability, and report in April on the factors needed for an orderly unwinding of support measures. The FSB will a
02/26/2021
The truth is that what financial centres do is irreplaceable, not where they are.
02/25/2021
We are moving that model to a very much fully-employed model.
02/25/2021
ASIC alleges that between at least January 2017 and July 2018, NAB continued to charge customers periodic payment fees even though it knew overcharging was occurring and did not have systems to prevent those fees from being charged incorrectly.
02/24/2021
The MoU will certainly set the stage for future joint experimentation of digital innovation between CBUAE and the HKMA.”
02/24/2021
Survey respondents say they anticipate a far more diverse tax risk environment spanning everything from scrutiny of routine business activity, to major, billion-dollar settlements in court.
02/24/2021
The transaction is expected to close in the first half of 2021
02/24/2021
The amalgamation of both banks came into force on 27 November, with DBS absorbing all of Lakshmi Vilas Bank’s 563 branches as branches of its existing India unit, which received a INR 25 billion (USD 344.9 million) cash injection.
02/24/2021
The POs issued against Mr Lau took effect from 22 February 2021.
02/24/2021
The policy will assist ASIC in identifying and taking enforcement action against specific markets and financial services breaches of the law and strengthen ASIC’s enforcement toolkit.
02/24/2021
A Beijing divorce court has ordered a man to compensate his wife for the housework she did during their marriage, in a landmark ruling.
02/23/2021
The new wealth management venture, based in Shanghai, will be 51% controlled by Schroder Investment Management Ltd, and 49% owned by BOCOM Wealth Management Co.