10/02/2018
StanChart Said to Brace for New Iran Fine of $1.5 Billion
Penalty said to be linked to previous violations, Dubai unit
Legal, Regulation & Compliance
10/02/2018
Potentially "game-changing" Bill for the fund industry passed into law
“The introduction of this corporate structure, known as the variable capital company or VCC, will be a game-changer for Singapore’s fund management industry as it will allow us to capture value from the full fund management value chain.
10/02/2018
Insurance shake-up puts clients first
Berrill, who has worked with people with disabilities for 25 years, sees the benefit of life insurance during times of need.
10/01/2018
'Game over': Macquarie's German tax scandal
Even with such a return, there had been a detailed approval process of convincing the Macquarie Bank board and its chief executive Nicholas Moore that the deal was worth the risks.
10/01/2018
All managed discretionary account providers now required to be licensed
ASIC will undertake reviews to check that MDA providers hold the relevant AFS licence authorisations and will take action if unlicensed activity is identified.
10/01/2018
ASIC releases guidance on code of ethics compliance schemes for financial advisers
This includes the responsibility to effectively monitor and sanction adviser members if required,' he said.
09/30/2018
Bank of Japan’s deafening silence amid the world central bankers’ hubbub speaks volumes about Abenomics
Both tightened on Thursday - by 25 basis points and 50 basis points, respectively - to keep pace with the Fed.
09/30/2018
Criminal action still possible against AMP
Mr Hayne said there were senior people within AMP who knew about the charging of fees for no service and internal lawyers warned it was a breach of the law.
09/30/2018
Big bank scams: 13 frauds that shook the Indian financial sector
There has been a spurt in bank scams and arrests by authorities in India.
09/28/2018
Japan’s GPIF picks S&P Dow Jones carbon efficient indexes as ESG benchmarks
They were chosen to “promote ESG investment for the purpose of improving the long-term return of the whole asset by reducing the negative externality to the environment and society
09/28/2018
Regal Funds' Kings set to buy back Westpac stake
It is expected to make life a little less complicated inside Regal, with one less voice involved in key decisions.
09/28/2018
Blue Sky refunds $4.1m overcharge
The amount of $4.1 million (plus GST) spans 65 close-end managed funds over a 10-year period since 2007.
09/28/2018
Elon Musk charged with securities fraud
The SEC's complaint alleges that, in truth, Musk had not discussed specific deal terms with any potential financing partners, and he allegedly knew that the potential transaction was uncertain and subject to numerous contingencies
09/28/2018
BT Financial Group divests Ascalon
As a result, Westpac will cease to hold an interest in Ascalon and Ascalon will continue to hold minority interests in Morphic Asset Management and Deepwater Capital.
09/28/2018
Macquarie chiefs embroiled in German investigation
The funds were trading shares around the dividend payment dates, strategy in which investors could obtain the benefits of dividend withholding tax credits.
09/28/2018
NAB sells out of China shadow banking joint venture
The deal, which has not yet been disclosed in Australia, makes it the latest major Australian bank to abandon China, which was once seen as a huge growth opportunity.
09/27/2018
SBI Ripple Asia Receives Licence for Inter-Bank Blockchain Payments
Registration with the local finance bureau is the first step towards implementing the MoneyTap system.
09/27/2018
Pre-arrest bail of Zardari, Faryal Talpur extended
The application of former president Zardari and Ms Talpur regarding confirmation of his interim bail could not be taken up on Tuesday.
09/27/2018
PNB case: Choksi gets time till Oct 30 to reply
Appearing before the court presided over by judge M S Azmi, Choksi's lawyer Sanjay Abbot Wednesday said they have been provided with a copy of the ED's complaint in the USD 2 billion fraud case and need some time to file a reply.
09/27/2018
Three down one to go, then another three in 2019
Information received since the Federal Open Market Committee met in August indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate.