06/08/2018
Bank of Thailand to test use of digital currency for interbank settlement
Like other central banks, our goal is not to immediately bring CBDC into use, but rather to explore its potential and implications for back-office operations
Legal, Regulation & Compliance
06/08/2018
Singapore Returns to 1MDB Probe
The move illustrates how the net around the Malaysian financier-businessman is tightening.
06/08/2018
China reserves at seven-month low
The total foreign currency reserve assets represent over seven times the currency in circulation or about 45 percent of Hong Kong dollar M3.
06/07/2018
UBS said to be cutting asset management jobs amid China pivot
The unit had 2,361 employees at the end of March, according to UBS filings.
06/07/2018
ASIC looks into Melbourne planning firm
ASIC also found that as part of the lax supervision of the representative, Allied failed to conduct advice audits.
06/07/2018
Blue Sky denies private equity selloff
Shortly after announcing its domestic retail hedge fund would be wound up, Blue Sky assured investors it has no intention of selling its private equity business.
06/07/2018
Mourant advises on takeover of AIM-Listed Mytrah Energy
Our unique global perspective helped us provide a seamless service on the various corporate and finance aspects of this complex acquisition
06/06/2018
Hong Kong regulator fines HSIM for breach of fund rules
The disciplinary action followed an independent review jointly agreed by the SFC and HSIM, according to a May 31 statement from the regulator.
06/06/2018
UBS Resurfaces in Malaysia Probe
Musa, the former governor of Sabah, a mountainous state on the northern tip of Borneo rich in oil, timber and palm oil, is in hot water in Malaysia.
06/06/2018
Charges laid in ANZ criminal cartel conduct case
The charges follow from a two-year long investigation undertaken by Australian Competition and Consumer Commission (ACCC).
06/06/2018
Abu Dhabi and Hong Kong further fintech collaboration
The HK-SFC and the FSRA have been active advocates of FinTech developments
06/06/2018
Credit Suisse Fined in Hiring Probe
This legacy matter did not impact the services provided to any clients, investors or counterparties.
06/05/2018
Moody’s forecasts brief slowdown for China funds
Analysts blame decline on a regulatory crackdown but add the market will soon return to steady growth
06/05/2018
Chinese banks pose increased risk to euro area – ECB
Total assets of China’s banking sector have increased from 205% to 305% of Chinese gross domestic product
06/05/2018
Singapore and India sign pact to boost fintech ties
It will be chaired by Jacqueline Loh, MAS’s deputy managing director, and Ravi Mital, additional secretary in the financial services department of India’s Ministry of Finance.
06/05/2018
Top global investment bank executives charged with criminal cartel offences in Australia
Criminal charges have also been laid against several senior executives
06/04/2018
Not just Sterlite, Norway Bank blacklisted 17 top Indian companies
The investigation by senior activist Venkatesh Nayak of the Commonwealth Human Rights Initiative, sent as an email alert to Counterview, says that GPFG funds have been “invested in 275 public and private sector enterprises in India”,
06/04/2018
CFMEU-backed super fund lobbies for Macquarie Bank
It is a tale involving allegations of undue pressure being placed on directors, a tender process being subverted, conflicts of interest ignored, and kickbacks being offered in exchange for support.
06/04/2018
Chinese banks in push to spin-off asset management units
The investment, the biggest so far by a Chinese bank in the sector, reflects how the nation’s biggest state banks are following their smaller rivals in embracing the budding trend.
06/04/2018
Banking regulator ponders breaking up the banks
APRA refused the application on the basis that documents in its possession that touch on the issue contain “opinion and advice” prepared for its deliberations, exempting them from release.