09/13/2018
India and Singapore slammed for lax bribery controls
Countries on list of top offenders, which have “little or no enforcement” of anti-bribery laws
Legal, Regulation & Compliance
09/12/2018
More than 1,700 financial firms in Hong Kong share customer information with authorities in global tax evasion initiative
City will send information annually to local tax authorities in 50 jurisdictions with which it has agreements, with first exchange set for this month
09/12/2018
Singapore plans new Bill to attract more of world’s millions
While many asset managers have offices in Singapore, most of their funds are still registered in offshore jurisdictions
09/12/2018
Massive class action launched against retail super funds
At a press conference on Tuesday 11 September, Slater and Gordon head of class actions Ben Hardwick said the campaign will involve a series of class actions.
09/11/2018
FundForum: European Policy Impacts on APAC Asset Managers
Under MiFID II, which went live from January 2018, investment research is required to be priced separately from trade execution.
09/11/2018
Banks set to face massive class action over rip-offs
There would be a series of announcements over the coming "weeks and months", it foreshadowed.
09/11/2018
Australian inquiry brings threat of lawsuits against pension funds
"It's been about lining their own pockets, about propping up their profits and undermining the entire superannuation scheme," Slater & Gordon head of class actions Ben Hardwick told reporters.
09/10/2018
Indonesia’s Salim Group signs JV with Singapore’s Keppel to develop data center
The construction of the data centre’s core and shell as well as first phase fit-out is expected to be completed by the first half of 2020.
09/10/2018
NZ Treasury to start consultations on second phase of RBNZ review
Treasury said the consultation period on the second phase will run until late January and will be followed by two more rounds of consultation during 2019, suggesting any further legislative changes will be some time away.
09/10/2018
ASB, Westpac and BNZ to trial new technology to tackle errors and scams
People who accidentally miss-type the wrong number have to go to their bank to ask for the money to be paid back and the bank must get the consent of the account holder to whom it has been accidentally transferred.
09/10/2018
Singapore can't avoid next crisis, but it can strengthen its resilience: Heng
The tools to mitigate worst of business cycles have also evolved since bank's collapse
09/09/2018
Bank Fines Surge in China as Watchdog Battles Rising Bad Loans
The agency under Guo has imposed penalties as large as $110 million, fired banks executives, and publicly disclosed the violations.
09/09/2018
SEBI Panel Proposes To Relax Foreign Fund Ownership Rules
The report was submitted by a panel headed by HR Khan, former deputy governor of the Reserve Bank of India.
09/09/2018
In Depth: Is China on Verge of Private Equity Implosion?
The banners were intended for the team investigating the case of the Shanghai-based wealth management company Fuxing Group
09/07/2018
Choksi’s Indian properties seized
Choksi is at the centre of controversy surrounding a desire by the Indian administration to have him extradited from Antigua to face charges for an alleged US $2 billion bank fraud in India.
09/07/2018
ASIC taking wealth management firms to court
The commencement of this civil penalty action is part of ASIC’s broad-ranging and significant investigations currently underway into fee for no service failures in the financial services industry
09/06/2018
MAS Queries OCBC on Outage
MAS said it will closely monitor OCBC's rectification measures following the service outage, and take suitable supervisory actions if necessary.
09/06/2018
Asian Development Bank Debuts Trade Finance Tool
“Firstly, at a macro level, to identify characteristics of effective regulation that could be strengthened,”
09/06/2018
Nomura AM gets QDLP license
The firm declined to provide further information on its QDLP plans.
09/06/2018
SANNE authorised as a Trust or Company Service Provider in Hong Kong
The authorisation further enables SANNE to provide an enhanced suite of services to Asia-Pacific (APAC) alternative investment managers, in addition to its existing offering as a trust or company service provider.