11/30/2020
Hong Kong Chief Executive: No Access to Banking Services
Lam was named in August on a sanction list of 11 Hong Kong and mainland China officials over the imposition of the national security law.
11/30/2020
HKEX Proposes to Raise Profit Requirement for New IPOs
HKEX is accordingly concerned that some small cap issuers may have simply reverse engineered their valuations to meet the market cap requirement, in order to manufacture potential shell companies for sale, market manipulation or insider dealing post listi
11/30/2020
SFC Finalises Changes to Grant Greater Flexibility to REIT Managers
The SFC said the proposals received broad support, and will be implemented with some modifications to clarify specific requirements such as those which apply to minority-owned properties.
11/30/2020
Carrie Lam says she has been left with no access to banking services
11/27/2020
Singapore Oil Tycoon Who Founded Hin Leong Denies HSBC's Forgery Claim
HSBC’s suit, filed in late October, came two months after the trader’s court-appointed managers PricewaterhouseCoopers took legal action against Lim and his family for a total of $3.5 billion in outstanding debt.
11/27/2020
ORX Expands Operational Risk Taxonomy for Financial Services
The 2020 iteration has been extended to include causes (processes, people, systems or from external events like a natural disaster or terrorism) and impacts (financial, conduct, reputation or legal).
11/27/2020
IOSCO Outlines Priority Areas of Work for Year Ahead
The Board also discussed the Sustainable Finance Task Force’s other work on sustainability-related disclosures, greenwashing and the increasing activity of ESG data providers and credit rating agencies regarding ESG ratings.
11/27/2020
Hong Kong regulator bans former StanChart banker
The SFC’s disciplinary action follows a referral by the HKMA.
11/27/2020
Indonesia’s big banks resist pressure to lower lending rates
Banks’ reluctance to cut borrowing costs poses a hurdle for President Joko Widodo’s plan to lift Southeast Asia’s largest economy out of its first recession in more than two decades.
11/27/2020
ASIC expects to start taking applications for AFS licences, and variations to existing licences, from 1 January 2021
11/27/2020
The overall pass rate of 76% may be attributed to several factors.
11/27/2020
Menon also spoke of new developments in digital currencies, highlighting that CBDCs in particular can mostly help to solve problems associated with cross-border transactions.
11/27/2020
Under FTSE Russell’s normal policy, sanctioned securities would have to be deleted from its indexes.
11/27/2020
The ASIC information sheet has been developed following the introduction of the Financial Sector Reform (Hayne Royal Commission Response) Bill 2020 into Parliament earlier this month.
11/27/2020
The Company’s restructuring proposal contemplated that proceeds from a “white knight” investor were to be used, amongst other things, to fund a creditors’ settlement and to invest in new business lines to enable the Company
11/26/2020
The Global FinTech Hackcelerator identifies innovative market-ready solutions to address real industry needs.
11/26/2020
Woori is said to have lowered the limit for its two key overdraft account products from the initial KRW 200 million and KRW 300 million to KRW 100 million in both cases.
11/26/2020
The project aims to address a lack of interoperability between cashless payment applications, which remains a hurdle both for consumers and retailers.
11/26/2020
The report highlights work to protect individuals from criminal networks trying to exploit the Covid-19 pandemic such as through fraudulent claims on superannuation and government payments.
11/26/2020
“The grant will also encourage banks to develop frameworks so that small and medium-sized enterprises can access such financing more easily,” MAS says in a statement on November 24.