09/05/2019
“While Hong Kong, China has a low domestic crime rate, it faces a significant risk of attracting those who seek to launder the proceeds of crimes such as corruption and tax evasion,” the FATF said.
09/05/2019
Globally, captives are the most prominent instrument for Alternative Risk Transfer (ART) market.
09/05/2019
The extended agreement includes the cooperation in public and private fund management products, innovative product development, domestic and cross-border business cooperation, pension, private banking, operations, financial technology, training and knowle
09/04/2019
The key impetus of setting up the Anti-Scam Centre is to disrupt scammers’ operations and mitigate victims’ losses.
09/04/2019
The regulator said it will take into account financial stability of organisations and make its determinations on a case by case basis.
09/04/2019
Authorities are scrutinizing the riskier behavior, which Moody’s Investors Service says could make their earnings more volatile and increase the cost for them to comply with financial regulations.
09/03/2019
According to the SFC, the first submission should be made electronically on or before January 31, 2020.
09/03/2019
Given that SOR relies on USD LIBOR in its computation methodology, the likely discontinuation of USD LIBOR after end-2021 directly impacts the future sustainability of SOR.
09/03/2019
This agreement enables Tikehau Capital to enhance its presence in Japan, following the opening of its Tokyo office in spring 2019, and gain greater proximity to Japanese financial institutions, which have a growing interest in gaining exposure to European
09/03/2019
Zendai Group founder Dai Zhikang surrenders to police after collapse of lending unit
09/03/2019
The CBIRC also found problems with off-balance sheet business, interbank business, and wealth management business.
09/03/2019
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
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
"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
Decision marks country’s latest effort to open its financial sector as trade war bites
09/02/2019
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
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
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
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
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