07/04/2019
“Cautious reaction from some is expected, but it’s worth noting that many submitters, particularly from the general public, support the proposed higher capital requirements for banks,” the RBNZ said.
07/04/2019
ASIC said the proposals reflect industry feedback that "there is a need for Australian professional investors to access funds management financial services providers outside Australia"
07/04/2019
The Committee has discussed two approached for the per permanent discontinuation of JPY LIBOR.
07/04/2019
For involvement in the 1MDB scandal, Tim Leissner also has a lifetime prohibition on entering Singapore’s financial industry.
07/04/2019
The abolition of ownership restrictions for foreign investors in the financial sector will happen in 2020, a year earlier than scheduled, says China premier Li Keqiang.
07/03/2019
An incremental three-month and four-month rise will be added to the retirement age for men and women, respectively, each successive year.
07/03/2019
Governor Perry Warjiyo has said a rate cut is just a matter of timing and officials are watching the economic data closely.
07/03/2019
As expected, the Reserve Bank of Australia lowered the policy rate by 25 basis points
07/03/2019
Significantly, the new regulations also affect foreign workers based in China.
07/03/2019
The overcharges included a secret markup that State Street attached to the cost of sending secured financial messages through the Society of Worldwide Interbank Financial Telecommunication network.
07/03/2019
China began allowing foreign firms to apply for up to 51 percent ownership in financial sector joint ventures, a controlling stake, which already represented efforts to open up.
07/03/2019
"The move announced today extends digital bank licences to non-bank players," MAS says.
07/02/2019
UBS welcomed the move by the new PM, the bank said in a statement.
07/02/2019
The unique strategic intent of the Fund is to combine the core strengths of both countries to provide large investors with access to source ideation and technology, as well as to provide a platform for collaboration and strategic investment in start-ups.
07/02/2019
"The new office in Dubai is a testament to our commitment to the Australian diaspora when it comes to providing them world class financial advice" said James Ridley, managing director, APAC.
07/02/2019
NAB Executive General Manager Markets Drew Bradford said receiving the registration was an important step forward for NAB’s presence in what is a critically important market for NAB in the region.
07/02/2019
Hong Kong has strong framework and effective system for combating money laundering and terrorist financing
07/01/2019
The new licence will enhance our already well-established Asian network and market expertise, whilst complementing our existing fund offering in China.
07/01/2019
ASIC is assessing those changes in two stages – we have approved the first stage of changes and are yet to decide on the second stage of changes.
07/01/2019
By comparison, the top-ranked UK accounted for more than 26 per cent of the total foreign funds parked with Swiss banks at the end of 2018.