10/25/2024
The changes aim to strengthen operational resilience by ensuring trustees can better access the financial resources held to meet the ORFR when needed and to maintain an appropriate level of reserving.
10/25/2024
ASIC has specified that Next Gen must continue its membership of the Australian Financial Complaints Authority (AFCA) until 17 October 2025.
10/24/2024
ASIC Deputy Chair Sarah Court said, ‘ASIC alleges QBE’s pricing model potentially eroded the discounts received by over half a million customers, in some cases to nil.
10/24/2024
As the regulatory regimes of MRF jurisdictions provide comparable investor protection to that of Hong Kong and the SFC has entered into cooperation arrangements with their home regulators
10/24/2024
In its World Economic Outcomes report, the IMF predicted Australia would be one of two advanced economies with headline inflation above 3% by the end of next year, along with Slovakia.
10/21/2024
They will also intensify their working relationship and maintain channels for the exchange of information.
10/18/2024
The scrutiny remains high in the family office space in Singapore as parliamentarians continue to probe officials.
10/18/2024
Hong Kong chief executive John Lee delivered the 2024 policy address to the local legislative council on October 16.
10/11/2024
In September 2024, there have been at least 100 cases reported
10/11/2024
The Licensees were required by law to be a member of the Australian Financial Complaints Authority
10/10/2024
As a result of these concerns ASIC found that Mr Hazell is likely to contravene his obligations
10/08/2024
ASIC applied for the winding-up of GCPF as it holds numerous concerns about the management of GCPF’s business.
10/08/2024
Historically, the usage of prenuptial agreements in marriages was not a popular option, particularly in Asia.
10/04/2024
The HKMA looks forward to working closely with the QCB to foster connectivity
10/04/2024
ASIC has also updated RG 258 to make the application process, ongoing obligations, disciplinary process, and other requirements to become a registered liquidator, easier to understand.
10/04/2024
International Bank of Australia’s decision to request a revocation of its restricted ADI licence does not prejudice any future application it may make for an ADI or restricted ADI licence.
10/03/2024
Financial leaders are more important now than ever before because the world is becoming more uncertain.
09/26/2024
The Panel replaces MAS’ Cyber Security Advisory Panel[1], with an expanded mandate to cover technology resilience which, together with cybersecurity, significantly underpins the operational resilience of the financial sector.
09/26/2024
Whilst this package of measures will certainly be welcomed, China’s problems cannot be resolved as easily as setting an appropriate level of interest rates.
09/25/2024
In determining the sanction, the SFC took into account Cheung’s cooperation in resolving the SFC’s concerns and his otherwise clean disciplinary record with the SFC.