11/03/2020
Singapore CPF-approved top ten funds include five focused on China, Morningstar says
The Morningstar figures show that two-thirds of the 30 top-performing CPF-approved funds are focused on Asia, including six Singapore funds, five for China, and one each for India and Japan, while seven are focused on the Asian region.
11/03/2020
J.P. Morgan Ups Mainland China Securities Ownership
The increased stake will place J.P. Morgan ahead of competitors like Morgan Stanley, Goldman Sachs and UBS, which still own 51 percent of their own securities units but have intentions to move towards full ownership.
11/03/2020
Singapore Bill to Align Payment Services Act with FATF Standards
The bill seeks to enhance the regulatory framework for VASPs (virtual asset service providers) – including digital exchanges, cryptocurrency firms and e-wallet services – to implement enhanced standards set by the FATF
11/03/2020
FASEA finally delivers on accessibility of code submissions
Stoker asked Glenfield why, given that FASEA had the ability to publish links to the submissions, they were not available on the web site, with the FASEA CEO claiming the submissions were available.
11/03/2020
The HKMA wants to see banks embracing and trialling new technologies and proofs of concept, and ultimately adopting more Regtech solutions, said central banker Arthur Yuen.
11/03/2020
The HKMA strongly believes that Hong Kong has the right foundations to support a thriving Regtech ecosystem, and ultimately become a Regtech hub.
11/02/2020
Scale of China's public offering funds slightly expands
China's asset management industry expanded slower in recent years as authorities tightened regulations to contain risks arising from wealth management products.
11/02/2020
MAS bans 2 ex-bankers over fraud, dishonest conduct convictions
The orders against the duo took effect on Thursday, MAS said.
11/02/2020
Deadlock revisited in Chu v Lau: Winding-up on the Just and Equitable Ground
Update prepared by Justine Lau (Partner, Hong Kong) and Jennifer White (Senior Associate, Hong Kong)
11/02/2020
Bank of Korea to grow ties with Central Asian countries
The core point is that the BOK's outreach to Central Asia will serve as a building block for more Korea businesses to better export their financial infrastructures in areas such as stock transactions and credit-rating systems.
11/02/2020
The paper outlines baseline requirements for all fund managers, and enhanced standards for those with more than HK$4 billion (US$512.8 million) of assets under management.
11/02/2020
"When our clients redistribute their supply chain into our other market out of China, that is a silver lining."
10/30/2020
The Federal Court also made orders to freeze all bank accounts associated with Maxwell Financial Services and Asset Capital Holdings and has restrained Mr Beresford from travelling outside of Australia.
10/30/2020
UK Regulators Fine Goldman Sachs International $126 Million for 1MDB ‘Failures’
The Financial Conduct Authority and the Prudential Regulation Authority said the firm allowed severe misconduct to go unaddressed.
10/30/2020
Greenwashing is the tendency for some asset managers to market themselves as “green” or “sustainable” without fully integrate these factors into the investment process.
10/30/2020
Global G-SIB and D-SIB frameworks, on the other hand, use notional amounts of OTC derivatives to assess the complexity of banks
10/30/2020
HKAA Sanctions Impact ‘Relatively Muted’, For Now: IIF
With respect to foreign FIs, the HKAA specifies ten measures, including denial of access to loans, foreign exchange, banking transfers or payments, properties, financial technologies, and equity or bond financing from US institutions.
10/30/2020
Financial Crime Country Lists in a Fragmenting World Order
The scrutiny of the FATF’s lists has become a global preoccupation.
10/30/2020
Criminals use real estate transactions in PH to wash dirty money — anti-money laundering body
Racela cited as an example the Maute Group that attacked Marawi City and clashed with state forces in 2017.
10/29/2020
There are restrictions on the use of capital received by investee companies from FIEs.