12/15/2019
MAS will take stern action against financial institutions that do not abide by MAS’ directions, and will revoke the licences of financial institutions that are not serious about carrying on regulated activities.”
12/13/2019
ASIC has identified measures firms can implement to manage these risks, set out below.
12/13/2019
Another executive at a separate European bank said its analysts had been told not to write about the protests in research distributed to clients such as institutional investors, as it aims to boost the bank's business in mainland China.
12/13/2019
Different regulatory regimes and cultural practices across region can benefit from tapping proven, high-quality monitoring and tracking systems.
12/13/2019
APRA says the new qualitative operational risk requirements will not have implications for when and how ADIs implement and comply with the new APS 115.
12/12/2019
It comes amid the fallout from Westpac's alleged 23 million anti-money laundering breaches (some related to financing child exploitation), causing chaos inside the bank and Australia's financial sector.
12/12/2019
Despite the regulatory worries, Asia continues to be a primary growth driver for the bank, as evidenced by the latest figures.
12/12/2019
Bank Central Asia, which has a market capitalization of Rp 787 trillion, last month also acquired Bank Royal Indonesia, a small-sized local lender, for Rp 1 trillion with plans to develop it into an online-based lender.
12/12/2019
"After six months, the registrar will invoke our powers to enquire all the information to be submitted to the registrar," she said.
12/12/2019
ASIC will adopt a more intensive supervisory and regulatory approach in this regard.’
12/11/2019
The prudential regulator has finally published its long-awaited heat map for MySuper products, with deputy chair Helen Rowell saying it's likely many in the industry will feel uncomfortable.
12/11/2019
The regulator said the decision recognises IOOF's progress in strengthening governance structures and management of conflicts within its existing RSE licensees, in response to additional license conditions imposed by APRA in December 2018.
12/11/2019
GPS is best known for providing the ‘tech behind the tech’ for many of the UK and Singapore’s most notable challenger brands, including Revolut, Railsbank, and Starling.
12/11/2019
The first round will see the fees removed from: Flexible Lifetime - Super, Flexible Lifetime - Investment, CustomSuper, Super Directions, Tailored Super and Simple Super.
12/11/2019
We look forward to playing our part in building that proposition, working with our new colleagues and continuing to support German, European and other international businesses with their investments in China, and vice versa.
12/11/2019
Ogier has retained its position overall in the region
12/10/2019
IIN is among several initiatives being developed using digital technology to speed up global money transfers.
12/10/2019
It details fundamentals changes to the climate and environment that have already had “significant financial repercussions” and to which Southeast Asean countries – and their banks – are particularly exposed.
12/10/2019
The matter was listed for first mention today in the Downing Centre Local Court in Sydney.
12/10/2019
Benchmark rate has been cut 4 times by 100 bps in 2019 (Adds details about planned changes to lending rules, more comments, context)