05/08/2020
FASEA extension to pass next week
COVID-19 has arrived at a time when the industry was busy responding to the Royal Commission and working though new education requirements.
Legal, Regulation & Compliance
05/08/2020
SEC suspends an investment consultant for submitting false bank documents to help a client
Investors are strongly advised not to allow investment consultants or other persons to sign on securities trading orders or other documents for themselves to prevent possible damage.
05/08/2020
ERS paused as AFP investigates fraud
Sukkar said that while the applications being sent to funds are paused, they will resume next week to allow time for a proper investigation.
05/08/2020
China Removes Foreign Investment Threshold on Domestic Securities, Futures
Chinese financial authorities relax controls over foreign institutional investors.
05/08/2020
MAS Launches S$125 Million Package for Financial Institutions and FinTech Firms to Strengthen Long-Term Capabilities
The support package will help to position financial institutions (FIs) and FinTech firms for stronger growth when the threat of COVID-19 recedes and economic activity normalises.
05/07/2020
Bank of China oversteps regulations in passing derivatives off as wealth management. And it’s not alone
Bank of China says it will compensate 20 per cent of investors’ original investments in the oil-linked product, according to investors
05/07/2020
Hoxton Capital granted Australian advisory licence
Hoxton Capital Management is focusing on helping clients who are looking to plan towards retirement (either abroad or in the UK) while working and earning internationally.
05/07/2020
Australia: COVID-19 - Federal Government gives the green light to electronic signing and 'split execution' of documents
The Instrument also modifies provisions of the Act and the Corporations Regulations 2001 to allow annual general meetings
05/07/2020
Malaysia securities regulator allows e-wallet providers to sell investment products
This will open the door for e-wallet or e-payment apps to partner with licensed capital markets service providers to sell investment products to investors.
05/07/2020
Yoma Bank sets the pace as Myanmar's banking sector opens up
Financial deregulation attracts investors from Southeast Asia and beyond
05/07/2020
CBA Approves Half a Billion Dollars in SME Loans
Almost one in five of these businesses are in retail trade (18 per cent) with contruction (16 per cent), accommodation, cafes and restaurants (14 per cent) and business services (12 per cent) also represented.
05/07/2020
United States Reaches Settlement to Recover More Than $49 Million Involving Malaysian Sovereign Wealth Fund
In 2015, the FBI formed International Corruption Squads across the country to address national and international implications of foreign corruption.
05/07/2020
Conyers Wins Offshore Law Firm of the Year and Two Deal Awards at 2020 IFLR Asia-Pacific Awards
These recognitions are encouraging and prove our capability to tackle the most complex and challenging legal matters.
05/07/2020
S. Korea Defers Initial Margin Requirements by One Year
“The decision is on a par with international standards and is based on a review of financial institutions’ preparedness and opinions from the industry,” the FSC said.
05/07/2020
DBS Prices Singapore’s First SORA-based Floating Rate Notes
The net proceeds will be used for general business purposes.
05/06/2020
Malaysia's central bank cuts key interest rate to 2%, lowest since 2009
The central bank's monetary policy committee said the decision complements other monetary and financial measures implemented so far this year
05/06/2020
MAS Supports Inaugural Cloud-Based G20 TechSprint
FinTechs and other players are invited through a hackathon-style competition to develop innovative solutions to address these problem statements.
05/06/2020
Enhanced schemes for Singapore's financial services industry
This S$125 million support package is funded by the Financial Sector Development Fund.
05/06/2020
Industry fund swaps insurers
From July 1, the maximum benefit payable for death cover will be $5 million, $3 million for total and permanent disability as well as for terminal illness.
05/06/2020
Japan to ease investment rules to push bank-fintech marriage
Proposal also to make sharing of customer data easier