10/16/2018
Advice firm IFS to exit Singapore following Meyado deal
International Financial Services hands over clients as part of exit strategy
Legal, Regulation & Compliance
10/16/2018
Hong Kong Securities Regulator Looks at Official Crypto Exchange Rules
Hong Kong’s securities regulator, the Securities and Futures Commission (SFC), is considering drawing up new regulations for local crypto exchanges in a bid to safeguard investors from risks in the space.
10/15/2018
ASEAN regulators unveil bond standards, mobility framework for advisers
The launch of the social bond standards and the ASEAN sustainability bond standards comes 11 months after the introduction of the ASEAN green bond standards.
10/15/2018
EU’s rival infrastructure fund could lead to better deals for Asia but China's belt and road still leads the way
The European Union is set to join the US, Japan and Asean in competing with China’s Belt and Road Initiative
10/15/2018
Banks, AMP facing $6 billion bill for customer refunds, reviews and litigation
The other big banks took some of their medicine last week in the lead-up to their appearance in parliament, where they apologised profusely for any number of things.
10/15/2018
China c.bank chief says plenty of room for monetary adjustments amid trade row
Beijing and Washington have slapped tit-for-tat tariffs on each other and plans for bilateral trade talks to resolve the dispute have stalled, triggering a market rout and putting pressure on China's already softening economy and weakening currency.
10/15/2018
Indonesian, Japanese central banks expand bilateral FX swap agreement
BI executive director Agusman said in the statement the expansion would "contribute to the stability of financial markets, promote the use of local currencies."
10/15/2018
Chanda Kochhar seeks more time to appear before Sebi for a personal hearing
The coming Tuesday had been set as a date for personal hearing, cross-questioning and recording of her statement
10/15/2018
China is preparing for all risks in currency policy, says PBoC chief
The currency has a flexible exchange rate mechanism, which now shows two-way fluctuation.
10/15/2018
Pakistan to approach UK for return of looted wealth
Shahzad Akbar to visit London this week to take up pending corruption cases with British authorities
10/15/2018
UK, Hong Kong regulators line up 2,500 funds for cross-border selling
Megan Butler, an executive committee member of the British Financial Conduct Authority (FCA) says arrangement will boost all three fund industries, and benefit investors, as UK moves to prepare for its post Brexit era
10/15/2018
Crypto Fund Mulls Asian Expansion
Crypto Finance's regulatory backing is a breakthrough in Switzerland's nascent crypto scene, where providers are rushing to build bridges between traditional finance and blockchain technology underpinning the token providers flooding into the al
10/15/2018
FPA finds Sam Henderson guilty
The CRC found that nine out of the ten alleged breaches of the FPA Code were proven. Information in relation to sanctions will be released in due course.
10/15/2018
In divorce or separation...the financial adviser should be the 2nd call made says Cardena’s Iain Reid
Divorce and separation can be extremely stressful for all parties involved.
10/14/2018
China 'won't be found' a currency manipulator, bank lobby group says
Adams, who expects trade tensions between Washington and Beijing to drag on, said the yuan could decline further if the U.S. Federal Reserve continues to hike interest rates.
10/14/2018
Australian Bank Fires Over 200 Staff Due To "Bad Banking Behaviour"
Australia and New Zealand Banking Group fired over 200 staff for wrongdoing due in part to issues raised at a public inquiry into financial sector misconduct.
10/12/2018
Indonesia, Singapore Sign $10 Billion Swap Agreement
The two governments also signed other agreements on tourism promotion, protection of foreign investment and fintech cooperation.
10/12/2018
Monetary Authority of Singapore to Mediate Between Banks and Crypto Startups
Two weeks ago, some banks in Singapore decided to suddenly stop doing business with crypto startups without offering an explanation.
10/12/2018
Hong Kong to drop MPF’s offsetting mechanism, subsidise employers
The government will shoulder 50% of the cost for the first three years, after which will the sum will be reduced by 5% a year up to the twelfth year.
10/12/2018
Four Asean nations to lift barriers to cross-border investment advisory
At the ACMF, the regulators also introduced the Asean Social Bonds Standards and the Asean Sustainability Bonds Standards.