11/27/2018
Malaysia's securities regulator to allow more diversified ETFs
These enhancements to the ETF market are in tandem with global trends, with the Asian ETF market expected to see an annual growth rate in assets of 18% by 2021.”
Legal, Regulation & Compliance
11/27/2018
Tokyo Bourse to Probe Nissan over Former Chairman’s Alleged Misconduct
An internal investigation at Nissan that revealed that Ghosn engaged in “significant acts of misconduct” over many years, which included misuse of company assets.
11/27/2018
ASIC’s Recent Initiatives To Strengthen Underwriting Standards - A Speech By Cathie Armour, Commissioner, Australian Securities And Investments Commission At The Australian Securitisation Conference 2018
Insufficient controls to address the risk of loan application fraud and incentive structures that reward poor behaviour jeopardise trust and confidence in the financial sector.
11/26/2018
Hedge Fund Throws a Lifeline to HNA Unit Shunned by Wall Street
Pactera’s difficulties, some of which haven’t been previously reported, illustrate how HNA is still struggling to cope with the debt burden amassed during a $40 billion takeover spree.
11/26/2018
The US$144 million in dirty cash that no money launderer in China would touch
Shenzhen official Li Huanan offered up to half of his haul to any underground banker willing to move his illicit fortune abroad – but found no takers
11/26/2018
Singapore bank forecasts 20 basis points rate hike by BSP
Inflation remained elevated at 6.7 percent in October and averaged 5.1 percent in the first 10 months of the year.
11/26/2018
SECP taps top institutes to develop Islamic capital markets
The SECP has taken many initiatives for capacity building and awareness creation in Islamic finance and has arranged a number of sessions in collaboration with leading universities and professional institutions, the statement said.
11/26/2018
Ghosn suspected of buying overseas houses via tax haven
The special investigation squad of the Tokyo District Public Prosecutors Office is investigating the case.
11/26/2018
NAB first to face royal commission in final week of hearings
Mr Thorburn will be the first witness called on Monday, and the commission is expected to grill him over the bank's fees for no service scandal, in which it took fees for advice that was never provided.
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.
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.