12/05/2019
Three foreign firms approved for onshore funds
Among them, Nomura AM has had its first onshore fund authorised by the Asset Management Association of China (Amac).
Legal, Regulation & Compliance
12/05/2019
Watchdog recommends highest level of compensation over derivative misselling fiasco
"For the first time, the arbitration took into account the social controversy caused by the bank headquarters' excessive pursuit of profit and serious lack of internal control," Kim said.
12/05/2019
ASIC Bans Cold Call Selling of Life Insurance, CCI Products
The ban is consistent with recommendations made by the Financial Services Royal Commission and provides protections to consumers that complement broader legislative reform by the Government.
12/05/2019
Hong Kong SFC Waives Licensing Amid 'Challenging Market Environment'
The decision is made to relieve the regulatory cost burden on the securities and futures industry
12/04/2019
JPMAM, China Merchants Bank sign strategic partnership
A CMB spokesman couldn’t immediately be reached for further details.
12/03/2019
More regulation is not the solution to Westpac revelations
Given the recent Hayne inquiry into various kinds of malfeasance by Australia’s banks, it would be understandable if the first recourse that comes to political minds is more legislation or regulation
12/03/2019
Jakarta aims to streamline laws to lure foreign investment
Shoemakers also blame the labour laws for deterring new investment as they require companies to give laid-off workers up to nine months' pay.
12/03/2019
Culture of impunity: how Australia dropped the ball on policing the banks
The Westpac scandal highlights the problems Australian institutions have with detecting and reporting dodgy transactions
12/03/2019
Wenzhou Decision - The First Personal Bankruptcy Case in China?
The 2006 Enterprise Bankruptcy Law only applies to legal persons and unincorporated organisations.
12/03/2019
Uniting on the cyber frontier
Regulators must collaborate to match attackers' speed
12/03/2019
Lombard Odier: Partnership in China?
The wealth manager has established offices in Hong Kong, Singapore, and Tokyo, but in recent years it has entered into various joint ventures with local banks to establish a presence in Thailand, the Philippines, and Indonesia.
12/03/2019
Malaysia’s Ex-Leader Najib Begins Defense In Graft Trial
The high court judge last month said Najib wielded “overarching authority and power” and took actions for personal gains.
12/02/2019
Former NAB, Infocus advisers banned
ASIC found that Chapman "failed to gather relevant client information when providing personal financial product advice, including assessments of products that might achieve clients' objectives and needs."
12/01/2019
Cambodia and Germany sign two cooperative financing agreements
The first 30 million euros concessional loan, which the German side calls the “Reduced Interest Loan,” will be granted through the German Development Bank.
12/01/2019
New arbitration law to come into force in Macau
Arbitration expert Mohammed Talib of Pinsent Masons, the law firm behind Out-Law, described the new law as important to the development of Macau
12/01/2019
Germany enacts new laws to protect its companies from China
It has not yet been revealed that the government committee will take steps to save which companies.
12/01/2019
Indian Government is Willing to Support Blockchain with a National Framework
Particularly, some members of parliament including Parvesh Singh Verma asked whether the Indian administration had fortified and carried out study into the prospective use cases and applications of blockchain and DLTs, and if at all they did, what were th
11/29/2019
Households and firms 'resilient' but MAS urges caution amid global uncertainties
The regulator also noted that Singapore's banking system is healthy with strong capital
11/29/2019
AIIB and Clifford Capital create $2bn Asia infrastructure debt platform
China-backed AIIB and Clifford Capital, which was established with support from the Government of Singapore, will take a 30% and 70% equity stake in the newly created BIM platform respectively.
11/29/2019
AFSLs show widespread non-compliance: ASIC
ASIC said 1496 FDSs and 373 RNs were collected and analysed along with fee disclosure policies and procedures. Of those, 176 of the FDSs were passed on to a compliance consultant to review.