02/01/2021
Client involved were mostly from U.S. and Japan-headquartered firms and the concerns cited were not limited to industries like financial services but across all sectors including technology, pharmaceuticals and consumer goods.
02/01/2021
The joint investigation stems from complaints and feedback received from members of the public regarding suspected misconduct by CoAssets Group Companies.
01/29/2021
The People’s Bank of China offered 2 billion yuan (US$309 million) in new liquidity on Tuesday, a far lower amount than the market expected
01/29/2021
Deputy governor of the People’s Bank of China says tighter regulations for fintech are a necessity
01/29/2021
Hong Kong: China will no longer recognise British national overseas citizens
Move comes after UK says people with status can move to Britain and eventually settle
01/29/2021
Chinese Conglomerate HNA Says Creditors Filed Petition for Its Bankruptcy
Development adds to woes of what was once one of China’s most acquisitive companies
01/28/2021
PwC’s South East Asia Consulting team discusses progress made to comply with BCBS 239 in Southeast Asian jurisdictions, providing an outlook and recommendations for the year ahead.
01/28/2021
During the phone calls, which hedge fund managers described as new and unusual, officials asked for a full picture of the decision-making process behind the moves and the significance of the timing.
01/27/2021
The Baltimore-based asset manager has inked its first Asia ex-Japan direct retail partnership to sell funds.
01/27/2021
Legal 500 also highlighted Appleby for its strong Chinese language capabilities.
01/27/2021
The exchange will also explore collaboration in areas of science and technology, the REITs market, and sustainable finance.
01/27/2021
Yi added that while financial innovation has been beneficial for financial inclusion and lower transaction costs, there were risks to consider such as consumer protection and misuse of monopoly power.
01/26/2021
A few members also said the central bank must enhance the sustainability of YCC including by tweaking its operations, so it can respond to economic shocks in a timely way, it showed.
01/26/2021
The COVID-19 global health crisis has led to the deepest economic downturn in eight decades.
01/26/2021
JPY LIBOR exposures are large, at around JPY 3 quadrillion (USD 29 trillion) for financial institutions based in Japan, roughly two-thirds of which expire after end-2021.
01/26/2021
The FSS’ financial dispute arbitration process would usually take place after the exact amount of losses has been calculated, which is expected to take around five years.
01/26/2021
Foreign institutions to increase participation in sectors like securities, insurance
01/26/2021
There is a rising trend where you see people suing for damages en masse, via a class action
01/25/2021
The penalty has been imposed for delays in reporting of frauds to RBI, revealed during the statutory inspection of the bank with reference to its financial position as on March 31, 2018 and March 31, 2019
01/25/2021
Regulators in South Korea continued to progress sustainable finance market development activities in August 2020, when the FSC convened the first meeting of its Green Finance Task Force.