04/05/2019
AMP slapped with extra conditions by Australian regulator
Licensees were given a two-year transition to obtain a licence variation for authorisation
Legal, Regulation & Compliance
04/05/2019
RBI moves to push growth
Repo rate cut will boost property sector, investment
04/05/2019
S. Korean May Allow Fintechs to Enter Brokerage Business
The return on equity at South Korean brokerage firms in the last five years average
04/05/2019
SFC Finalises Guidelines on Securities Margin Lending
The SFC’s had proposed for brokers to put in place prudent controls to prevent excessive leverage and over concentration both in terms of securities collateral and individual margin clients.
04/04/2019
That curious Chinese regulation about IPO sponsors also owning stakes? It’s ‘temporary,’ says nation’s biggest investment bank
The bank, which counts two of China’s largest tech companies Tencent and Alibaba as among its major shareholders, said it can strike a balance between their interests
04/04/2019
HID Global Announces Cloud-First Approach to Consumer Authentication Security for Banking Customers
The HID Risk Management Solution, a real-time risk profiling technology that protects financial transaction systems and banking applications against cybercriminals, is offered as part of the same suite of cloud services.
04/04/2019
Wealth boss questions ASIC’s litigation agenda
A number of industry leaders including a wealth management CEO have debated whether ASIC’s new enforcement approach following the royal commission will actually bring about effective outcomes.
04/04/2019
Major advice licensee in possible best interest breach
The group was under surveillance by ASIC after the number of advisers calling the licensee home rose significantly in a short period of time.
04/03/2019
Ex-Malaysian Leader’s First 1MDB Trial Begins
Beginning Wednesday, prosecutors will seek to convict the former head of state on seven of a total 42 charges brought against him
04/03/2019
SWIFT Sees Growing ISO 20022 Adoption in Asia Pacific
Nine years since ISO 20022 was first intruded for securities, 27 securities market infrastructures are live on the standard around the world.
04/02/2019
Supreme Court Strikes Down RBI’s Feb. 12 Circular
Banks are given 180 days from the first day of default to finalise and implement a resolution plan.
04/02/2019
EU, Singapore Adopt Decision to Mutual Recognise Derivatives Venues
“The decisions adopted today will strengthen cross-border trading, enabling businesses in the EU and Singapore to access deeper pools of liquidity and hedge risks more efficiently,” said MAS Chairman Tharman Shanmugaratnam.
04/02/2019
ESMA Urges Readiness for End-May EMIR Refit Adoption
The Refit will also streamline existing rules to improves the quality of data reported
04/01/2019
Vistra Achieves SOC 1 and SOC 2 Accreditations for Strong Internal Controls
The accreditations are objective proof of our strong control environment.
04/01/2019
NAB lender fairly sacked over fake loan 'referrals'
Those "referrals", which the bank had decided were faked, had reaped payments for AU Gold Realty of $24,000.
04/01/2019
Australian banks have fingers crossed for a Brexit delay
ANZ Banking Group is relying on existing European branches and licences.
04/01/2019
Vietnam’s ‘wait and see’ regulatory approach inhibits its emergence as a regional fintech leader
The Vietnamese government wants to facilitate the growth of a sharing economy. But it lags behind other ASEAN nations with regulations governing the peer-to-peer (P2P) industry.
04/01/2019
China Approves JP Morgan, Nomura Securities Joint Ventures
HSBC also holds 51 percent of its securities business in China, but it does so under rules that allow Hong Kong-based companies special access.
04/01/2019
Hong Kong pension supervisor seeks public views on eMPF design
The information it’s seeking includes cybersecurity risk, management, operating models for the plan’s administration, as well as implementation and deployment strategies.
04/01/2019
Hong Kong removed from EU watchlist on tax cooperation
The EU list of noncooperative jurisdictions was initially released in December 2017 as part of the EU's initiative to tackle tax avoidance and evasion and promote fairer taxation within the EU and globally.