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,”
Legal, Regulation & Compliance
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.
09/03/2018
NAB, CBA hit back at claims they engaged in criminal conduct
CBA denied a range of legal breaches relating to its super business Colonial First State, including that it had potentially criminally violated the Corporations Act for tardy breach reporting.
09/03/2018
Financial system risk is elevated and global standards are essential in managing cross-border infrastructure investment
The report says the financial outlook will also be shaped by China’s ability to manage risks relating to high indebtedness and leverage in its banking, shadow banking and wealth management industries.
09/02/2018
OECD releases fourth round of BEPS Action 14 peer review reports on improving tax dispute resolution mechanisms
A document addressing the implementation of best practices is also available for each jurisdiction that opted to have such best practices assessed.
08/31/2018
MAS issues Prohibition Orders against Mr Lee Chang Yeh Bentley for fraudulent and dishonest conduct
This warrants a prohibition order of considerable duration to protect consumers, deter similar misconduct and preserve the integrity of our markets.
08/31/2018
Eric Watson used Caymans to 'disguise commercial reality', courts hear
The case hinges on a series of related-party loans and share transfers undertaken in 2002 as rich-lister Watson formally left New Zealand - a step intended to sever his taxable ties to the country of his birth - to reside in London.
08/31/2018
Beware of DBS, OCBC phishing scams: Police
Some victims were also tricked into providing the information over the phone to people impersonating employees from the bank.
08/30/2018
Hong Kong should use surplus to help end housing woes, city official says
As the sole supplier of land in the city, the government should be “more aggressive” in ensuring more supply to ease property woes, he says.
08/30/2018
Monetary Authority of Singapore and Dubai Financial Services Authority strengthen ties in FinTech
The Agreement reflects the commitment of both authorities to support the continuous development of FinTech and innovation to deliver new and enhanced financial services to manage risks better, reduce costs, and increase efficiency.
08/30/2018
Chinese police arrest $5bn hedge fund fugitive who fled abroad
Authorities in unnamed country help seize FX Group chairman wanted over defaults
08/29/2018
PM seeks suggestions to recover wealth stashed abroad
The prime minister has declared retrieval of the hidden offshore assets as his topmost priority and promised to bring back the wealth stashed in overseas banks.