03/20/2020
Perpetual exits MySuper
Perpetual MySuper ranked 21st for one-year returns to June 2019, however it sits in 52nd place over five years.
Legal, Regulation & Compliance
03/20/2020
Corruption And The Coronavirus
How to prevent the abuse of power during a global health pandemic
03/20/2020
Management of coronavirus contagion containment in workplaces - Withers
Such has now paved the way to new measures (temperature scanning, self-assessment forms on 14 days’ previous Coronavirus at-risk contacts, dealing with on-premises reported suspicious cases) which have their consequences privacy-wise.
03/20/2020
More Malaysian banks offer loan repayment moratoriums to virus-hit clients
The bank has also taken precautionary measures by splitting its critical functions to operate from primary and secondary sites to mitigate the risks of business disruption, he added in another statement.
03/20/2020
MAS imposes S$400,000 AML penalty on TMF Trustees Singapore
These failures were identified following an inspection by MAS.
03/19/2020
More foreign firms file QFII applications in China
Foreign asset management firms have been applying for licences to invest onshore in China.
03/18/2020
Investment manager criminally charged
The maximum penalty for each of the charges is around $45,000.
03/18/2020
Appleby Advises Infrared NF on its USD45.9 Million Financing Investment in China
This is the third investment that InfraRed NF has invested in Changsha.
03/18/2020
Prodigy folds, two boutiques to shut
The responsible entity, Equity Trustees, is considering alternative arrangements for Flinders.
03/18/2020
Philippine Markets Shut, Central Bank Promises Regulatory Relief
A US-listed ETF that tracks the Philippine market fell by a record 19.5 percent on Monday after the closure was announced, adding to the more than 30 percent drop Philippine equities have seen so far this year.
03/18/2020
Japan Unveils New Foreign Investment Rules for Consultation
The 12 “core” sectors designated as having potential national security concerns include weapons, aircrafts, nuclear facilities, space, dual-use technologies, and parts of cybersecurity, electricity, gas, telecommunications, water supply, railw
03/17/2020
Coronavirus: Remote working for financial services
It’s an unprecedented situation with a large proportion of the global workforce now working from home in an attempt to delay and contain the virus.
03/17/2020
Monetary Authority Announces Countercyclical Capital Buffer for Hong Kong
The HKMA has been taking actions, including the establishment of the Banking Sector SME Lending Coordination Mechanism, to encourage the banking sector to continue supporting the financing need of SMEs in Hong Kong.
03/17/2020
MAS Revises Code on Collective Investment Schemes
The new Code also introduces a general best interests duty for all CIS managers in Singapore: “The manager should, at all times, act in accordance with the constituent document of a scheme and in the best interest of participants.
03/17/2020
J.P. Morgan and Macquarie Expand Work-From-Home
We are actively reviewing how we can best support you at this time,» the group said in an internal memo.
03/17/2020
CBA in court over RC case studies
It also alleges CBA breached sections 131(1) and 133(1) in failing to assess that the credit limit increase was unsuitable and in subsequently providing the credit limit increase.
03/16/2020
PBOC Announces Second Reserve Requirement Cut of 2020
The central bank has been encouraging banks to lend more to small firms and other vulnerable sectors, and to tolerate late payments
03/16/2020
Appleby Advises Infrared NF On Its USD45.9 Million Financing Investment In China
The team advised InfraRed NF on the debt and security structure from a BVI and Cayman Islands law perspective and assisted them throughout the transaction as offshore counsel.
03/13/2020
Health crisis should not be allowed to morph into a banking crisis
Fiscal and monetary measures by authorities aimed at counteracting stuttering or contracting economies will end up coming back to haunt the banks
03/13/2020
Wirecard and Grab Announce Payments Partnership
Through this partnership, Wirecard will process card transactions for GrabPay via its digital financial commerce platform and will extend GrabPay to more merchants to expand the acceptance of the mobile payment method.