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.
Legal, Regulation & Compliance
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.
09/05/2018
APRA to reopen old wounds for CBA, IOOF
APRA said it will delve further into tax refunds paid to a related party thanks to the Suncorp Portfolio Services Limited (SPSL) case study - which may not be consistent with the requirements of Prudential Standard SPS 231 Outsourcing.
09/05/2018
SEBI dismisses concerns on FPI outflow
In April, SEBI had asked Category 2 and 3 FPIs to provide a list of their beneficial owner in a prescribed format within six months.
09/04/2018
Australia’s LGS hires PIMCO for A$440 million ESG bond mandate
LGS currently manages over A$11 billion of assets for some 90,000 members of the pension fund.
09/04/2018
UBS to Start Currency Pricing, Trading Engine in Singapore
UBS’s launch may bolster the foreign-exchange trading infrastructure in Singapore
09/04/2018
JD CEO's arrest steps on governance landmine
What’s more, in a further abuse of good governance practices, Liu holds the chairman’s seat as well as serving as CEO.
09/04/2018
‘Preposterous’ to say new FPI rules will lead to $75 billion outflows, says Sebi
Sebi had in April asked Category II and III FPIs to provide list of their beneficial owner (BO) in a prescribed format within six months
09/03/2018
Committee to probe Pakistanis’ assets parked in Dubai
According to the committee’s report, the FIA has significant details about the properties held by Pakistanis in Dubai and the committee aims to work on bringing back those assets.