03/10/2020
JPM AM to launch two equity products in Singapore
This move comes after the firm registered a multi manager hedge fund with the MAS in January.
Legal, Regulation & Compliance
03/10/2020
Hong Kong's stricter ESG disclosure rules may lure Western investors
The Hong Kong Exchanges and Clearing Ltd unveiled the new rules in December.
03/10/2020
Singapore banking sector downgraded by analysts as the Fed slashed rate
The analysts also accounted for the “highly probable” 25 to 50 basis point rate slash in the upcoming Federal Open Market Committee meeting. They opined that “the resilience in Singapore dollar rates may falter”.
03/10/2020
Australia: ‘Perfect Storm’ of Regulatory Change Squeezing Smaller Banks
COBA is additionally calling for the government to “think carefully about phasing and targeting” the wave of regulatory change already queued up for implementation over the next few years.
03/10/2020
IFC invests in Bank OCBC NISP gender and green bonds
Investment aims to reduced gender inequalities and help Indonesia reach greenhouse gas emission targets
03/09/2020
ACC okays charge sheet against ex-AB Bank chair, 7 others
The commission director for public relations Pranab Kumar Bhattacharjee said that the commission’s investigation found that the money was siphoned off to the UAE by two business firms.
03/09/2020
AUSTRALIA: Expanded definition of significant global entity proposed
The changes originally were announced as part of the 2018-19 Federal Budget.
03/09/2020
Philippine Lawmakers Warned of Urgent Need to Pass AML Reforms
If the AMLA amendments are not passed, the Philippines will be grey-listed.
03/09/2020
Banned advisers still working in advice: FPA
The FPA has released its submission on the proposed legislation
03/08/2020
Fiscal Policies to Protect People During the Coronavirus Outbreak
This blog is part of a special series on the response to the coronavirus.
03/08/2020
India's Yes Bank founder arrested on money laundering allegations
Yes Bank confirmed the arrest.
03/08/2020
PHL laws have ‘no teeth’ to check money laundering, financial crimes–DOF chief
The finance chief pointed out that tax evasion and other financial wrongdoings are not among the predicate crimes listed under the law and enable AMLC to examine bank accounts after securing a court order.
03/08/2020
Graft court affirms Marcos wealth rap dismissal; government appeal junked
The anti-graft court said the PCGG failed to show proof that the original copies of the photocopied documents presented as evidence had been lost, destroyed or could not be produced in court.
03/05/2020
Supreme Court Overturns RBI Circular Barring Banks from Crypto Dealings
The RBI has maintained that it had not formally banned cryptocurrencies by instructing banks not to deal with them.
03/05/2020
Former chairman of China Development Bank indicted for bribery
The SPP said the prosecutors had informed the defendant of his litigation rights, interrogated him and listened to the defense counsel's opinions
03/05/2020
Legal blow to Indian central bank as crypto ban overturned
Two years after it ordered regulated firms to stop dealing in virtual currencies
03/04/2020
Australia central bank cuts rates to record low on virus fears
Reserve Bank of Australia said it had lowered rates by 25 basis points to 0.50%
03/04/2020
UnionBank and Wirecard Cooperate on Digital Banking Services for Corporate Customers in the Philippines
They provide jobs, they contribute to our GDP, and they help build the country through their various corporate social responsibility efforts.
03/04/2020
Singapore's MAS Awards RF Fund Management Registered Fund Management Company Status
Following approval of MAS status, RF Fund Management's Private Equity Fund announces new support for the digital economy spurring global investment innovation
03/04/2020
JBWere partners with cash platform
The partnership extends Cashwerkz's footprint in the private wealth space.