10/17/2019
Hedge Fund’s Liquidity Crisis Spurs Contagion Fears in Korea
The worry now is that Lime’s crisis will spook investors in other hedge funds, triggering a flood of outflows that ripples through Korean markets.
Legal, Regulation & Compliance
10/17/2019
Islamic finance and markets in Japan
Therefore, basically, Islamic finance products are governed by existing legislation applicable to conventional finance products in Japan, while some amendments thereon have been made to accommodate the unique qualities and characteristics of Islamic finan
10/17/2019
Australian watchdog not to appeal court ruling in IOOF case
In an unprecedented move, APRA had sought to use the Federal Court action to disqualify five IOOF executives for failing to act in their customers’ interests.
10/17/2019
Malaysia ‘open’ to settling with Goldman and dropping 1MDB charges
Thomas leads Malaysia’s negotiating team.
10/16/2019
No one reads the PDS: ASIC
Statements of advice also came under fire in the report, with ASIC and AFM finding that SOAs cannot provide consumers with skills, knowledge and experience required to accurately judge the quality of the advice they are getting.
10/16/2019
AIIP Welcomes Inquiry
Parties involved in this illegal behaviour not only include directors but also involve pre-insolvency and turnaround advisors; solicitors; insolvency practitioners and various financiers; including our major banks.
10/15/2019
Refocusing the AML Model on Evidence and Outcomes
It is thus an appropriate time to consider their impact.
10/15/2019
First State brings new funds to Hong Kong
After its retail fund push in Singapore, the firm has registered two products for retail sale in Hong Kong.
10/15/2019
Under-pressure Australian banks face fresh inquiry
Australia’s conservative government has touted itself as a reliable custodian of the economy, but is under pressure amid slowing growth and high living costs.
10/14/2019
SIX signs memorandum with Shenzen Stock Exchange
SIX CEO Jos Dijsselhof said: ‘I am excited that the Shenzhen Stock Exchange and SIX will work together to further internationalise our respective securities markets."
10/14/2019
African Development Bank, Government Pension Investment Fund, partner for green, social and sustainability bond markets
GPIF is Japan's largest public fund investor and the largest pool of retirement savings in the world.
10/14/2019
MAS bans four individuals for engaging in fraudulent and dishonest conduct
Mr Teh misappropriated and cheated a total of about $350,000 from seven clients over a period of 3 years on the pretext of helping them to invest their monies or pay for their insurance premiums.
10/14/2019
Asian stocks to join Wall St, Europe in trade deal rally
On Wall Street, the S&P 500 and Dow Jones Industrial Average rose more than 1 per cent
10/14/2019
The market's uncertainty problem is getting worse
In many advanced economies, policy is not being conducted in a way that assists in providing some certainty to the decision-making process of local business.
10/14/2019
FSS in conflict with Hana over DLF document deletion
The data deletion was discovered after the FSS announced the results of its inspection on Oct. 1
10/14/2019
Plans for ‘offshore renminbi Nasdaq’ in Macau submitted to Beijing
Official involved in submitting proposal to central government says he hopes plan might be approved as a ‘birthday gift’ on 20th anniversary of city’s return to Chinese administration
10/14/2019
Australian PM's office accidentally sends confidential document to journalists
The 8,200-word document said that if asked about the International Monetary Fund climate change report which claims Australia may not meet it's 2030 target
10/14/2019
Individual banking agent licences studied
BoT attempting to raise financial access
10/11/2019
Singapore's Temasek rules out investment in Saudi Aramco IPO
But Temasek's focus on sustainability and environmental, social and governance principles made it more difficult to support Aramco's share sale, the people said, asking not to be identified because the discussions are private.
10/10/2019
ANZ bank to pay $682m to customers it ripped off over 10 years
Charge increases pressure on Westpac to reveal whether its compensation costs have risen