05/08/2018
Regulatory battle heats up over future of Japanese banks
Fukuoka Financial Group Inc has been wanting to buy Eighteenth Bank Ltd in Nagasaki prefecture and merge it with one of its three lenders, Shinwa Bank.
Legal, Regulation & Compliance
05/08/2018
Carey Olsen's Linda Lee recognised for offshore client service in Asia
Ms Lee's practice area focuses on cross-border M&A, corporate finance and corporate restructuring transactions throughout Asia as well as into Europe and the US.
05/08/2018
China penalises three banks for improper wealth management
Besides amending the regulatory standards for asset management services, the new rules address other relevant issues.
05/07/2018
Newsbreak: ‘National Bank of Abu Dhabi Malaysia to close this year’
The bank’s staff count at its sole office in Menara Maxis, Kuala Lumpur, has halved from around 40 last year, the person adds.
05/04/2018
Bangladesh open to out-of-court settlement over cyber heist
In one of the world's biggest cyber heists, the hackers stole the Bangladesh Bank money held at the New York Fed in February 2016
05/04/2018
Nomura: Remittances may take a hit from Kuwait deployment ban
He urged Filipino expats to come home.
05/04/2018
NAB Retreats From Wealth
Asian banks with scale and healthy cost-income ratio's have been keen acquirers.
05/04/2018
Australia's AMP denies modifying report, inquiry finding of criminal offense
AMP CEO Craig Meller and Chairwoman Catherine Brenner have both quit in recent weeks following disclosures that the firm misappropriated funds of thousands of clients over the last decade by charging them without providing advice, and that it repeatedly l
05/03/2018
Government announces overhaul of data landscape in Australia
The Consumer Data Right will be implemented first in the banking sector, followed by the energy and telecommunication sectors.
05/03/2018
Former Credit Suisse banker gets 4-year ban for dishonest conduct: MAS
Finance professionals who engage in dishonest conduct to frustrate the detection of such suspicious transactions must be dealt with firmly.
05/03/2018
S Korean prosecutors to examine Elliott deal with Samsung C&T
Investigation follows activist fund’s claim for compensation from Seoul
05/02/2018
The Australian Parliament introduces Asia Region Funds Passport
It is envisaged that the Passport will appeal to Australian fund managers looking to offer their products in participating economies.
05/02/2018
CBA ordered to boost capital until governance failings fixed
“Executives are gone, board members are gone. More will go,” Australian Treasurer Scott Morrison told reporters in Canberra when asked about the APRA report’s implications for the bank.
05/02/2018
New rules for asset management welcomed
Revised regulations mark end to the old era of financial regulatory arbitrage caused by outdated, inconsistent rules
05/02/2018
NZ banks under scrutiny after misconduct in Aus
The regulators have previously said they were watching the inquiry with interest and would look closely at its findings with the first report due out on September 30.
05/02/2018
VOFF demands accountability from regulators
The advocacy group said that Trio Capital creditors were similarly charged fees for no service, including by ANZ and National Australia Bank custodians, and KPMG and WHK auditors.
05/02/2018
Japan’s regulators battle over more than just a banking merger
Both FSA and FTC believe they are acting in the best interests of the country
05/02/2018
ASIC deregisters 117 SMSF auditors
About 287 of the SMSF auditors who were served final notices eventually filed.
05/01/2018
China to raise cap on foreign ownership in securities firms
The rules will also equalise the caps on foreign ownership in listed as well as unlisted securities firms.
05/01/2018
Australia banks watchdog adds $750 mln to CBA's capital requirements
Australia's CBA ordered to boost capital until governance failings fixed