05/12/2020
Unemployment to stay above pre-crisis levels until 2024: Deloitte
All while the Reserve Bank is frozen on the sidelines, unable to stimulate the economy with more cuts to rock-bottom interest rates.
Legal, Regulation & Compliance
05/12/2020
Compliance crackdown, consultations on horizon: ASX
Since the beginning of March through to the first week of May, the ASX has helped raise $19 billion in capital for listed companies across about 80 raisings
05/12/2020
ASIC bans RC case study adviser
The regulator also banned Melbourne-based adviser Bimaljeet Sekhon from providing financial services for three years.
05/12/2020
APRA releases fund-level ERS data
Applications made via the ATO on Friday, May 8 have already been passed on to super funds, Assistant Treasurer Michael Sukkar confirmed.
05/12/2020
Harneys litigation podcast “Take 10” season two
Could the common law power of recognition be relied upon by PRC Administrators instead?
05/11/2020
The IFSB and AMF renew Mou to support the development of the Islamic finance among member countries
The continuation of collaboration signifies the commitment of both institutions in increasing awareness and promotion of the sound practices of Islamic finance based on its tremendous potential for the advancement of financial services industry.
05/11/2020
Baker McKenzie Advises Edelweiss Securities on the Establishment of its Brokerage and Research Licensed Operations in Hong Kong
The Edelweiss Group is one of India's leading diversified financial services conglomerate providing a broad range of financial products and services
05/11/2020
Singapore Police Raid Oil Trader After HSBC Allegations
The Singapore police said it was “inappropriate to comment’ on the matter while nobody answered calls or messages to ZenRock’s management.
05/11/2020
Thailand Labour Ministry seeks nod to up compensation for laid-off workers, report says
It says he will also ask the Cabinet to consider cutting employers’ SSF contribution from 4% of their employees’ monthly salaries to 1% while keeping the employees’ share at 4%.
05/11/2020
Singapore bans former Barclays, DBS relationship managers
The court cases involving Mr Chew and Ms Tien were related, while the others were unrelated.
05/10/2020
Carlyle, GIC Back Away From AmEx Global Business Travel Deal
As coronavirus pandemic hits revenue, sellers of the 20% stake are seeking to compel the groups to proceed with the purchase
05/10/2020
Honkong’s Wealth Fund suffered a record $11B loss in Q1 due to Covid-19
The outlook is difficult given the pandemic, pace of economic recovery and trade tensions”.
05/10/2020
Crypto Regulatory Clarity in India: The Missing Piece to Mass Adoption
Regulation is one of the biggest hurdles for crypto in India as exchanges continue the legal battle to establish a clear framework.
05/10/2020
UBS seeks China digital bank licence as part of plan to turbocharge growth and slash costs
The Swiss lender is targeting 200,000 wealthy clients within two years after securing a digital bank licence
05/08/2020
Chinese Government Opts for Direct Central Bank Access?
The ban against direct central bank funding exists to curb risks of hyperinflation associated with abundant money supply without real economic growth.
05/08/2020
China’s hard hit travel sector still has value: JPM AM
Certain travel-related companies continue to exist despite the Covid-19 pandemic and they have long-term investment appeal, says a portfolio manager at the firm.
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.
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.