07/03/2018
Failure of risk governance in the Indian banking system
After the global financial crisis of 2007-08, risk became a major issue for regulators worldwide.
Legal, Regulation & Compliance
07/02/2018
Asia's dealmakers bank on Japan to extend record first-half M&A spree
Asia's pick-up in M&A activity mirrors an upturn worldwide, with global dealmaking totalling $2.5 trillion, up 59 percent year-on-year and a record for this point in the year.
07/02/2018
Cash infusion for Central Asia-Caucusus region
It urged financial sector and structural reforms to improve the lending and infrastructure foundation for “full benefits” under the BRI and other cross-border projects.
07/02/2018
Indian Deposits in Swiss Banks Increase, But it’s Just the Tip of the Iceberg
Despite making tall promises, Modi govt.’s policies have failed to unearth both offshore and domestic black money.
06/29/2018
Record number of firms registered with SFC in Hong Kong
The boom in Hong Kong’s finance industry comes at a time when $16.6 billion of shares changed hands everyday on average in the first five months of the year.
06/29/2018
Australia funds seen to target Asia’s rich after new legislation passed
According to Ms. O’Dwyer, the legislation will allow Australian managed funds to become passport funds and sell their products to the other participating countries.
06/29/2018
Winsome Diamonds bank fraud case: CBI files chargesheet against Mehta, former CMDs of Canara Bank
The CBI also sought a Red Corner Notice against the absconding jeweller
06/29/2018
Asia Region Funds Passport bill good news for industry
APIR is the industry accepted standard identification regime in Australia for collective investment schemes
06/28/2018
Baker McKenzie still Asia Pacific’s strongest law brand
Asia Pacific firms accounted for approximately half of the firms mentioned and half of all brand equity in the market.
06/28/2018
Proposed Changes to Overseas Investment Act Amendment Bill
Proposed Changes to the Overseas Investment Act Amendment Bill – Clarity or Confusion?
06/28/2018
Hong Kong Seeks to Widen DLT Use in Trade Finance
The HKMA said under the cooperation agreement, it will collaborate with the FSRA to develop innovative financial technology projects, with a specific interest focusing on DLT utilization in international trade finance.
06/27/2018
HKMA signs fintech pact with Abu Dhabi - Hong Kong
The co-operation between the HKMA and the FSRA would strengthen the two authorities in their respective roles and initiatives in fintech.
06/27/2018
ASIC imposes licence conditions on Aurora Funds Management
At ASIC’s intervention, Aurora repaid the $1 million to the AUP and compensated it for lost earnings on those funds prior to any recovery.
06/27/2018
KPMG says audits for scandal-hit Malaysian 1MDB fund not ‘true and fair’ assessment
Mahathir has vowed to bring back billions of dollars allegedly stolen from the fund and to punish the culprits.
06/27/2018
Compliance Consultant Boosts Asian Coverage
A growing number of global asset managers have piled into China in the hope that they can tap into the aspirational middle class growth.
06/27/2018
Time for a ban on bank sales targets in NZ, says union
ANZ, the country's biggest bank, has about 8250 staff.
06/27/2018
TCI, Axon accuse India real estate firm IREO Management of $1.5 billion fraud
Hedge funds run by Christopher Hohn and Dinakar Singh accused one of India’s largest real estate developers IREO Management of defrauding its foreign investors of at least $1.5 billion. “If we do nothing, we will largely bleed dry and get not
06/27/2018
Wealth Manager Beefs Up in Asia
Management of the Singapore based office will be selected from the companies existing executive team.
06/27/2018
Kuwait's Contribution to Asian Investment Bank’s Capital Approved
The bill was approved by Finance Minister Nayef al-Hajraf, who, during the discussion of the bill, said that the move would preserve Kuwait's right as founder of the bank, which he described as "the third largest development bank in the world.&a
06/27/2018
FSCL warns: Roboadvice creates non-disclosure risk
Allowing personal insurance products to be delivered via roboadvice opens New Zealanders up to greater risk of having their claims rejected because of non-disclosure, a dispute resolution service says.