11/26/2018
National rules out new taxes in its first term
Bridges says Kiwis are paying too much tax, and this Government's piling more on.
Legal, Regulation & Compliance
11/26/2018
Regulator steadily opens financial sector
The regulator also allowed Chiyu Banking Corp Ltd, a licensed bank in Hong Kong, to make preparations to set up a branch in Shenzhen, Guangdong province.
11/26/2018
Chinese big spenders are curbing their offshore property shopping as tougher capital controls bite
A litany of political factors are also weighing on Chinese interest in London, New York and Sydney, adding to the effect of capital curbs
11/25/2018
1MDB probe shifts focus to extent of Goldman's role
Authorities question if scandal points to companywide corruption
11/23/2018
No more fake Fidelity or bogus Buffett: China bars new copycat fund names
The rules, which AMAC said are aimed at promoting orderly development of the private fund industry and protecting investors, come as Beijing accelerates opening of its fund industry to foreign asset managers.
11/23/2018
Singapore’s Asset Management Industry Surges
The number of registered and licensed fund managers in Singapore increased by 55 in 2017, bringing the total number to 715.
11/23/2018
China Huarong seeks to erase name of former chairman
Offer to swap share certificates bearing Lai’s signature after his arrest on corruption charges
11/23/2018
Where are the BOJ exit speculators now?
As we come closer to the end of 2018, Japanese measures of inflation has remained just about where they were at the beginning of the year.
11/23/2018
Japan’s MUFG in Ongoing AML Probe by New York Regulators
The switch to a national charter was made for efficiency reasons, according to MUFG.
11/21/2018
Former AGM director banned from financial services for 8 years
Until 3 April 2018, Mr Ashkenazi was the only Australian resident director, and was the Chief Executive Officer of AGM
11/21/2018
Taiwan’s BLF opens tender for US$1.5 billion multi-factor mandate
The tender is open until December 24, and the BLF’s investment committee is scheduled to hear the first round of presentations from asset managers in March 2019.
11/21/2018
Fugitive Chinese tycoon Guo Wengui ‘has US$1.1 billion of assets frozen by Hong Kong court’
Court order on October 23 ‘prohibiting sales of 510 million shares of Haitong International’ awarded to government prosecutors
11/21/2018
Singapore bourse inks deal to promote China bond indices
SGX Chief Executive Officer Loh Boon Chye describes the strategic partnership as a "further strengthening of financial ties between Singapore and China".
11/21/2018
Philippine Congress moves a step closer to expanding Islamic banking
Establishment of more Islamic banks in Southeast Asia and the Middle East will benefit more than 10 million Filipino Muslims
11/21/2018
FASEA releases draft degree requirement legislation
The authority also outlined limitations on recognised prior learning (RPL), to be applied on a case by case basis by higher education providers.
11/21/2018
Singapore Toughens Penalties for AML/CTF Offences
In the last five years there were about 70 money laundering convictions each year, and in 2016, six foreign nationals were convicted for terrorism financing offences.
11/21/2018
Commonwealth Bank board asked former chairman to return fees, inquiry told
David Turner refused board’s request, which was sparked by a highly critical regulator report
11/20/2018
CBA's one big culture problem is loud and clear: everyone is too quiet
The APRA panel’s overriding conclusions about the reason for the spate of "incidents" within CBA was that the group’s financial success had dulled its senses to signals that might otherwise have alerted its board and senior managemen
11/20/2018
'No more apologies': barrister tells Australian bank chiefs
Australians have grown accustomed to hearing apologies from the heads of the country’s wealthiest financial firms in response to the inquiry’s evidence of bribery, fraud, fee-gouging, predatory sales tactics, greed, and deception.
11/20/2018
Japan and France sign fintech pact
These cooperation frameworks also include referral mechanisms for financial innovators which will therefore facilitate their entry into French or Japanese markets.