09/19/2019
Singapore Retains Position as One of the Largest FX Centres Globally
These figures were released today in the 2019 Triennial Central Bank Survey of the global FX
Legal, Regulation & Compliance
09/18/2019
HSBC Chairman Mark Tucker Condemns Protestor Violence
He added that the bank looked forward to participating in China’s growth story and would support international companies seeking business opportunities in the country.
09/18/2019
Hunt for alleged $1bn cocaine yacht owner leads to secretive Cook Islands trust
Exactly who the individuals are behind the tightly-guarded trust, which nine.com.au has chosen not to name
09/18/2019
ACCC eyes fresh competition inquiry into big banks
While Mr Sims provided few details of what the probe might examine
09/18/2019
Singapore's asset management industry grew 5.4% to S$3.4 trillion last year: MAS
This growth was mostly thanks to a 15 per cent surge in alternative assets to to S$646 billion last year
09/18/2019
HKMA and the BIS sign operational agreement on the BIS Innovation Hub Centre in Hong Kong SAR
The Hub will identify and develop in-depth insights into critical trends in technology affecting central banking
09/18/2019
Three cases of unexplained wealth under investigation
He also says if the explanations are not convincing, the money will be confiscated
09/17/2019
Dubai Regulators Flagged Standard Chartered
Senior executives, including global private banking head Didier von Daeniken, were scheduled to meet Dubai regulators this month, the sources added.
09/16/2019
Why China’s central bank is liberalising its interest-rate system
The one-year rate is too blunt a tool for a modernising economy that’s got a problem with excess debt.
09/16/2019
Bangko Sentral’s chatbot, reporting system bag prizes
The central bank won in the Artificial Intelligence Initiative category for developing a prototype chatbot to provide the public with a more accessible and efficient way to engage the regulator on financial consumer concerns.
09/16/2019
FCA and Hong Kong SFC – Addendum to MoU on funds recognition
To ensure that the UK-Hong Kong mutual recognition of funds arrangement will continue to operate in a smooth manner after the withdrawal of the UK from the EU
09/16/2019
StanChart Couldn’t Tell Regulator How Some Rich Clients Got Rich
Dubai authorities found numerous source-of-wealth breaches
09/15/2019
Justice minister's relative grilled for 2nd day over suspicious family fund
The fund invested more than 700 million won in Wealth C&T, a local lamppost switch manufaturer, two months after Cho became the senior presidential secretary for civil affairs in 2017.
09/15/2019
Big Short investor targets Standard Chartered and HSBC in bid to cash in on Hong Kong crisis
Eisman, who made his name betting that the US housing market would crash just before the financial crisis of 2008-9, said both were bets on the ‘risks in Hong Kong’ and rising violence in the former British colony.
09/13/2019
FCA and Hong Kong SFC – Addendum to MoU on funds recognition
The addendum is made pursuant to Article 11(1) of the MoU and aims to ensure that UK-Hong Kong mutual recognition of funds arrangement will continue to exist after the UK's withdrawal from the EU.
09/13/2019
SFC bans ex-Hang Seng RM
Cheung also forged the customer’s signature on the bank’s instruction forms to facilitate the unauthorized transactions.
09/13/2019
Lifespan Financial Planning throws weight behind advice industry fighting fund
Lifespan will top up this fighting fund with a total of 50% of the individual contributions made by its 180-strong adviser network.
09/11/2019
Hong Kong unveils plans to repair damage inflicted by protests on its image as a financial hub
Other measures will include trying to attract more family offices to set up in the city to manage their wealth, Chan said.
09/11/2019
SFC Fines HSBC HK$2.1m for Phone Recording Failures
One of the likely root causes of the incidents was said to be an inadvertent manual error made by a system engineer when performing routine system updates or configuration changes to the telephone recording system.
09/10/2019
Singapore: New Platform Targets AML Risks in Trade Finance
Using data derived from permits issued by Singapore Customs, the TFC service allows financial institutions to reference such information to augment their checks for trade finance compliance.