06/21/2019
This breaks with an implied government guarantee on all lending and has left banks with higher exposures to Baoshang to negotiate a resolution, and has disrupted the willingness of larger institutions to lend to smaller ones, the paper said.
06/21/2019
SEC Charges Five Asian Traders for Market Manipulation
The SEC alleges that trades involving these five seemingly unrelated individuals from three different countries accounted for 70% of the volume in MDDT over the period in which they traded.
06/21/2019
The statement says that ongoing reviews indicate that intermediaries have increased investments into people and systems to improve compliance culture and enhance self-discipline.
06/21/2019
The key proposition is the introduction of a DST in New Zealand if there is insufficient progress made by the OECD in 2019 to come to a global solution to the problem of taxing the digital economy.
06/20/2019
Still, there are “significant risks,” the World Bank said.
06/20/2019
A report this month by advisers to the Financial Services Agency said a model case couple would need $185,000 in addition to their pensions if they lived for 30 years after retiring.
06/20/2019
The Brexit movement ignores these facets of Singapore’s experience and focuses on the opacity of its financial system instead, privileging the flaw at the expense of the features.
06/20/2019
WMI has developed the Certified Private Banker programme
06/20/2019
The SFC takes the view that CSHK and CSAG have failed to put in place effective systems and controls to ensure compliance with the disclosure requirements and timely detection of the disclosure failures.
06/20/2019
Separately, a UK-China MRF programme is in the pipeline and more UK firms are expected to set up WFOEs in China.
06/20/2019
As of June 2018, 27 asset management companies had leveraged Caifuhao’s AI capabilities to increase operational efficiency by 70%.
06/20/2019
Japan is the Kingdom’s second-biggest source of foreign capital and its third-largest commercial partner
06/19/2019
Merrill Lynch could be the first large financial institution to receive financial penalties for disrupting the stock market due to its role related to extreme scalping in Korea.
06/19/2019
The solution will be used for the institution’s entire range of assets, including alternatives
06/19/2019
Link managing director John McMurtrie said the group is delighted to continue the partnership.
06/18/2019
Without admitting or denying the SEC’s findings, ICBCFS agreed to be censured, return nearly $24 million in ill-gotten gains, and pay $4.4 million in prejudgment interest and a $14.3 million penalty.
06/18/2019
Signed in Madrid at the International Organization of Securities Commissions last year
06/18/2019
An independent consultant was commissioned to undertake the thematic review between late 2017 and 2018, assessing AIs which collectively account for a significant market share of the SME customer segment.
06/18/2019
Alex Syhanath, Citi’s head commercial banking arm in Australia, says the venture will court mid-market businesses.
06/18/2019
AFCA will be able to deal with certain complaints about misconduct which it could not previously deal with.