12/06/2019
Dynamic Business: ANZ on building a back up bank
All of those architects and engineers are Wellington and Auckland locals, and they're very familiar with massively complex, high-pressure projects like this.
Legal, Regulation & Compliance
12/06/2019
AMP cuts ongoing advice agreements
At the start of the new AMP annual agreements, clients and advisers will explicitly agree on fee arrangements and the specific services to be provided.
12/06/2019
ACCC immunity deal questioned by court
Presiding magistrate Jennifer Giles labelled the prosecution's case as "completely opaque" in terms of the timeline of events and how Galvin was granted immunity.
12/06/2019
Japan firms back tighter foreign ownership reporting rules: poll
The move, reflecting concern that China could gain access to key technology and confidential information
12/06/2019
Q3 2019 Cryptocurrency Anti-Money Laundering Report
It will no doubt have implications as regulators seek to have KYC information shared globally.
12/06/2019
ADB, ACAMS partnering to boost anti-money-laundering and KYC capacities
The partnership with ACAMS demonstrates ADB’s broader capacity building objective of providing banking institutions with more knowledge to support small and medium-sized enterprises towards economic growth and job creation. Read more: ADB, ACAMS
12/05/2019
1MDB: Court Rejects BSI Private Bank Sanction
The Swiss banking regulator’s handling of the 1MDB case had come under the scrutiny of the courts after BSI complained about the sanction in 2016.
12/05/2019
Crony capital: How Duterte embraced the oligarchs
President Rodrigo Duterte promised to destroy the Philippines' elite. Instead, he chose his own
12/05/2019
ASIC takes action against former AMP adviser
The corporate regulator alleges investors were pushed to roll their superannuation savings into new self-managed super funds, before investing in the scheme through a loan.
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).
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.