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.
Legal, Regulation & Compliance
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.
08/28/2018
Noble shareholders clear restructuring deal
Company still faces many challenges
08/28/2018
Baidu gets China fund distribution licence
The company also has to strengthen risk controls and sales management and protect investor interest to comply with regulatory requirements, CSRC adds.
08/28/2018
Royal Commission challenges super regulators
Based on two weeks of case studies, Hodge doubted neither the approach of APRA or ASIC to regulate superannuation entities is sufficient to achieve specific or general deterrence of misconduct.
08/28/2018
Industry fund awards sustainable equities mandate
The strategy was developed in collaboration with RobecoSAM, a dedicated sustainability investing business.
08/28/2018
Morgan Stanley amends false independence claims
The words 'impartial' and 'unbiased' are also prohibited.
08/28/2018
JPM AM aims for onshore private fund license
Other foreign fund houses have set up a wholly-owned business in China through an IM WFOE structure.
08/28/2018
OneVue and boutique fund manager ink platform deal
OneVue is building a private-label platform for a $6 billion boutique investment manager.
08/28/2018
Malaysia Brings Eight Money Laundering Charges Against Low
The charges cover approximately USD260 million in funds that Low is accused of receiving between December 2013 and June 2014.
08/28/2018
Banks ditch 'sales-focused' volume-based commissions
A cross-industry body that includes brokers and banks will on Tuesday point to signs of progress, including the phasing out of "volume-based" and "campaign-based" commissions.
08/27/2018
CIMB first to commit to UN’s responsible banking principles in Asean
“As a leading universal bank in ASEAN, we have always perceived our role as going beyond providing great financial products and services.
08/27/2018
Accused Canara officials flouted bank manuals: CBI chargesheet on Winsome Diamonds case
The CBI has said that Mehta along with others purchased gold from bullion banks abroad such as the Bank of Nova Scotia, Standard Bank, and Standard Chartered bank against the Standby Letters of Credit issued by Indian banks.
08/27/2018
Morgan Stanley Wealth Management Australia required to amend false claim of independence
Advice firms need to have adequate processes and controls in place to ensure any public statements they make comply with the Corporations Act.
08/27/2018
China and Britain to discuss 'top notch' free trade deal
Britain has pushed a strong message to Chinese companies that it is fully open for business as it prepares to leave the EU next year
08/27/2018
Australia inquiry finds pension funds broke rules
The Royal Commission inquiry into financial services misconduct began earlier this year
08/27/2018
Bank of Baroda looks to sell subsidiaries in Ghana, Trinidad and Tobago
Bank of Baroda selling its subsidiaries in Ghana, and Trinidad and Tobago, is seen as part of a strategy to rationalize international operations