05/15/2019
South Korea banks on Vietnam alliance after China chill
Northeast and Southeast Asian partners prioritize economic ties over frictions
Legal, Regulation & Compliance
05/15/2019
Hong Kong regulator to axe 'execution-only' business
Effectively, disclaimers and checkboxes ubiquitous in the financial world online allow false or partial "reverse inquiry" transactions
05/15/2019
SC Malaysia Issues Guidelines on Business Continuity
The principles also seek to ensure timely continuity of critical services and fulfilment of business obligations in the event of disruptions.
05/15/2019
China Moves Towards Interoperable Bond Market Access Schemes
The liberalisation of the CIBM in recent years has created a alternate route for international investors to access onshore bonds.
05/14/2019
Herbert Smith Freehills Launches Biennial Community Engagement Awards (India)
The firm is calling for entries from individuals or teams across India
05/14/2019
BSP: Foreign banks can still enter PH
Foreign banks can operate in the country as a branch or wholly owned subsidiary, with the Bangko Sentral taking into consideration strategic relationships and reciprocity rights in accepting applications.
05/14/2019
Finance dep’t eyes approval of bank secrecy easing this year
The tax amnesty program looked to impose an amnesty charge equivalent to a portion of the taxpayers’ outstanding unpaid taxes in exchange for immunity from civil, criminal and administrative penalties.
05/14/2019
Goldman Sachs applies for Tokyo banking licence
Investment bank to launch global cash management business as part of plan to diversify
05/14/2019
Appleby Hong Kong acted as BVI counsel to the largest HKIPO so far in 2019
The transaction was led by Vincent Chan
05/13/2019
HONG KONG: Granting of virtual banking licences
The HKMA will closely monitor the operations of virtual banks after they have commenced business
05/13/2019
OECD report recommends Japan embrace technological innovation, entrepreneurship to expand agricultural productivity
The report notes that Japan’s agricultural sector has significant room for improvement in environment performance.
05/13/2019
China, Singapore renew bilateral currency swap agreement
The agreement could be extended again, China's central bank said, without giving further details.
05/10/2019
How Asia’s banks fight back against disruption
This is the region where fintech disruption has been most potent. Underbanked and with large populations comfortable with smartphones, Asia has been fertile ground for technology-enabled payments providers with a knack for crunching big data.
05/10/2019
Tencent, Alibaba, Xiaomi units win Hong Kong online banking license
The Hong Kong Monetary Authority said the newly licensed banks plan to launch their services in six to nine months.
05/10/2019
High Growth in Takaful Market 2019-2025
Nonetheless, the surplus amount invested is then employed for making investments that are helpful for earning a higher profit for the policyholders.
05/10/2019
MAS studying virtual bank licensing regime for fintech firms
This comes as MAS clarified that since 2000
05/10/2019
How multinationals shift billions in revenue offshore and what Labor plans to do about it
On Tuesday, shadow treasurer Chris Bowen said a Labor government would introduce a "Tax Haven Blacklist", including places like the Cayman Islands and Bermuda.
05/10/2019
Banks expected to lower lending rates, but with different quantums
The quantum will differ based on how a bank assesses market conditions and borrowers’ financial capabilities, says analyst
05/10/2019
China arrests five Fuxing private fund executives in fraud case
A previously used general line to the company's office was disconnected and its website is no longer accessible.
05/10/2019
MAS Issues Prohibition Orders on Three Individuals
For this, they were issued POs of four years and two years respectively.