11/12/2019
MAS to Establish Singapore as a Leading Centre for Green Finance
This will help to support the Singapore financial centre in promoting environmentally sustainable projects and mitigating climate change risks in Singapore and the region.
Legal, Regulation & Compliance
11/12/2019
Canadian Securities Regulators and MAS Strengthen Cooperation in FinTech
The agreement sets out the framework of collaboration between the CSA members and MAS.
11/12/2019
MAS, Deloitte, S&P Launch Fintech Investment Research Platform
This limits their view of all the companies in which they might deploy capital.
11/11/2019
British-Era Indian Accounts Lying Dormant in Swiss Bank, No Claim For Crores
India is among 75 countries with which Switzerland's Federal Tax Administration has exchanged information on financial accounts within the framework of global standards on AEOI .
11/11/2019
Appleby advises China Tianbao Group Development on its global offering and main board listing on the Hong Kong Stock Exchange
The team was led by Counsel Vincent Chan and assisted by Associate Huiyan Liew of Appleby’s Hong Kong office.
11/11/2019
Westpac chief believes in financial advice
The Westpac boss also warned of the effects of growing "red tape" which he said is restricting business investment.
11/11/2019
MAS Helps Develop Blockchain-based Prototype for Multi-Currency Payments
This prototype network, developed by MAS in collaboration with J.P. Morgan and Temasek, has the potential to improve cost efficiencies for businesses.
11/11/2019
Singapore Fintech Association and Indian Chamber of Commerce agree fintech pact
This agreement was signed at the opening ceremony of the first ever Singapore Pavilion at the Singapore FinTech Festival 2019
11/11/2019
UBS Fined by Hong Kong for a Decade of Overcharging Clients
To hide the charges, UBS sometimes falsified account statements
11/08/2019
India government pension scheme opens to overseas citizens
Official figures reveal over 31.8 million people, including NRIs, joined the tax advantaged scheme
11/08/2019
Hong Kong, Southeast Asia fintech groups team up to promote cloud-based platform in Asia
The two groups will also support the fintech industry’s interactions with regulators and government bodies.
11/08/2019
Linklaters advises the PRC government on its €4 billion bond offering
The successful issuance is testimony of China growth and the strong confidence of international investors in the sovereign credit of China
11/08/2019
Citi, Deutsche get go-ahead to probe regulator witnesses in landmark cartel case
On Friday, a local court magistrate ruled that the defendants’ lawyers may cross-examine the ACCC staff on the subjects of how they obtained witness statements from the JP Morgan personnel and the staff’s level of cooperation with corporate re
11/08/2019
Former Apogee, GPS Wealth advisers banned
Khaw, a former authorised representative of Apogee, was not adequately trained or competent to provide financial services and was found to have backdated file notes, ASIC said.
11/08/2019
Islamic banking rules to be OK’d this month
The draft rules have been presented to the banking industry for feedback and the final version will be approved by the policy-making Monetary Board before they are released this year, Ms. Ala said.
11/07/2019
MAS, Bank Indonesia extend US$10b bilateral financial agreement
The arrangement was established in November 2018 to enable the two central banks to access foreign currency liquidity from each other, if needed, to preserve monetary and financial stability.
11/07/2019
Hong Kong sets out new regulatory framework for virtual asset trading platforms
The position paper emphasises that the SFC will only grant licences to platform operators which are capable of meeting robust regulatory standards.
11/07/2019
ASIC zeroes in on SMSF auditors
New South Wales auditor Richard Hennessy is now required to have his audits reviewed by another SMSF auditor.
11/07/2019
Joko Widodo urges bankers to help stimulate economy
Mr Joko echoed Cabinet members in his administration, saying the country should be grateful for above 5 per cent growth rate when other economies are seeing much slower growth or even contraction.
11/07/2019
China, Hong Kong to Establish Wealth Management Connect Scheme
The HKMA will work with Mainland authorities and the industry to formulate the implementation details of the new scheme, with a view to launching it “as soon as practicable”.