09/03/2019
China P2P crackdown ensnares billionaire property tycoon
Zendai Group founder Dai Zhikang surrenders to police after collapse of lending unit
Legal, Regulation & Compliance
09/03/2019
CBIRC Identifies Numerous Violations at Small and Mid-sized Banks
The CBIRC also found problems with off-balance sheet business, interbank business, and wealth management business.
09/03/2019
Philippines Signs Islamic Banking Framework into Law
The new law grants Islamic banks powers to carry out the business of a bank in accordance with Sharia principles, in addition to the general powers granted to corporations.
09/03/2019
SFC removes spate of asset management licences
In August, the Hong Kong regulator removed nine licences and year-to-date, a total of 23 Type 9 licence holders have de-registered. But what are the reasons behind it?
09/03/2019
Singapore Police sets up Anti-Scam Centre, working with banks to disrupt scammers' operations
"This explains why, in spite of the police's outreach efforts, more people are still falling prey to scams," said DSP Lim, who is part of the team of officers who helped set up the centre.
09/03/2019
China gives full onshore debt access to Deutsche Bank and BNP
Decision marks country’s latest effort to open its financial sector as trade war bites
09/02/2019
Financial exposure to HK declines
It is possible that the decline was simply a result of the Taiwanese financial sector’s normal business adjustments, the commission said.
08/30/2019
ASIC's Magnificent Seven lay down the gauntlet
James Shipton and his new team is cracking the whip, but how will the corporate regulator deal with his 'internal disruptions' and unpredictable judges?
08/30/2019
ASIC boosts legal firepower
The securities regulator can now match it with the big boys in corporate law, with an expanded budget and a determination to prosecute cases raised in the Hayne royal commission.
08/30/2019
CEOs urged to dump BCA over 'green tape' stance
The conservation group wrote to the chief executives of ANZ, NAB, Westpac, Telstra, Woolworths, Coles, Medibank, Coca Cola Amatil and Qantas, asking them to review their BCA membership if their own positions clashed with the nation's most powerful bu
08/30/2019
Moroccan, Japanese Banks sign partnership agreement on sideline of TICAD summit
Through this strategic partnership, concluded on the sidelines of the ongoing 7th Tokyo International Conference on African Development (TICAD-VII), BCP and its subsidiaries position themselves as the ideal banking partners for Sumitomo Mitsui Banking Cor
08/30/2019
Chinese Regulators Vow to Bring Quality Deals to Market
Investment bankers in China scrambled last weekend to update their clients about new opportunities in the Chinese IPO market.
08/30/2019
MAS Opens Applications for Digital Bank Licences
Digital full banks will be allowed to take deposits from and provide a wide range of financial services to retail and non-retail customer segments, while digital wholesale banks will be permitted to serve SMEs and other non-retail segments.
08/30/2019
Professional services alliance BOKS adds two new members in Asia
Geared toward SMEs seeking a “cost-effective, flexible networking alliance that facilitates global business opportunities”, BOKS is aiming to enter the top twenty before the end of next year.
08/30/2019
Malaysia Is Revising Rules Against Money Laundering
BNM to pursue more deterrent action against money laundering
08/29/2019
Ex-Commonwealth Bank Manager Stole Money to Gamble, Jailed for Fraud
Made large cash withdrawals to gamble; claimed purchase refunds to personal bank account
08/29/2019
No extension to FASEA deadline
Asked by Financial Standard whether a deadline extension is still on the cards, Senator Hume said: "I think we can say that we have heard the concerns and some of my concerns around the deadlines are really more about accessibility."
08/28/2019
Australia's watchdog bans financial adviser
ASIC said that, when providing personal advice, Goudie did not adequately identify his clients' objectives, financial situation and needs or investigate whether the financial products he was recommending would meet their needs.
08/28/2019
Fake-branded bars slip dirty gold into world markets
Fake gold bars - blocks of cheaper metal plated with gold - are relatively common in the gold industry and often easy to detect.
08/27/2019
SFC: Some Fund Managers Have Inadequate Liquidity Risk Management
The SFC reminds fund managers to implement robust risk management systems and establish well-documented liquidity risk management policies and procedures for the funds they manage.