08/04/2020
The first batch of 100 “digitally-enabled wealth planners” have been on-boarded in Guangzhou and Shanghai, and the “plan is to reach 2,000-3,000 planners by 2024”, according to Quinn’s presentation slides.
08/04/2020
Under the enhanced SRFB Framework, MAS will consider granting an additional full bank licence to an SRFB that substantially exceeds the SRFB baseline criteria.
08/04/2020
The group publicly backed Beijing’s controversial Hong Kong security law, angering critics in the west. Welcome to life on a geopolitical fault line, writes James Moore
08/03/2020
Banking law expert Jia Lin Ho of Pinsent Masons, the law firm behind Out-Law, said the legislation was good news for businesses and practitioners.
08/03/2020
The grace period for implementation had been set for the end of 2020.
08/03/2020
The bank’s support for Hong Kong laws will see boss Noel Quinn in a tricky spot this week as he reveals its latest results
08/03/2020
“Islamic banking will surely help Peza achieve its vision in promoting economic growth in the countryside,”
08/03/2020
A total of 10,239 advisers sat the exam in June - with the exam held online due to COVID-19 restrictions.
08/03/2020
Starling’s annual Compendium series has traced an evolution in thought regarding the supervision and governance of conduct risk among bank regulators and industry leaders, worldwide.
08/03/2020
Where there is no risk mismatch, audio-recording is not required, and a companion for vulnerable customers is not required.
08/03/2020
The transitional period, originally set for the end of 2020, has been extended to the end of 2021.
07/31/2020
With the completion of post-crisis regulatory reforms, market participants are now turning their attention to how they can use new technology solutions to optimise their systems, processes and data, the letter says.
07/30/2020
Signing up for digital banking services with DBS just got faster.
07/30/2020
The central bank reprimanded Yeh Yin Yee and Bernard Kan Cheok Yin, Apical’s only directors, for failing to discharge their duties and functions to ensure compliance with the rules. Mr. Yeh is the firm’s chief executive officer.
07/30/2020
The proposals arise from global efforts to reform interest rate benchmarks.
07/30/2020
MAS stress tests have shown that the local banks would remain resilient even under adverse conditions consistent with a serious and prolonged public health crisis.
07/30/2020
Earlier in the year, it was appointed to AIA-owned CommInsure superannuation funds.
07/30/2020
"Importantly, the circumstances surrounding all of these matters were analysed and it was found that these were isolated matters with no evidence of broader systematic issues."
07/29/2020
On 30 June 2020, the Law of the People’s Republic of China on Safeguarding National Security in the Hong Kong Special Administrative Region
07/29/2020
The banning of Mr Horton is part of ASIC’s ongoing efforts to improve standards across the financial services industry.