03/26/2018
Australia's big banks broke laws and failed public, inquiry reveals
In summary, the inquiry found that the banks failed to act honestly and fairly, as required by law and breached their obligations to lend responsibly.
Legal, Regulation & Compliance
03/26/2018
ADFD signs deal with Export-Import Bank of Korea
Deal is part of programme to enhance competitiveness of UAE exports
03/26/2018
China's new central banker pledges to rein in financial risk
Regulators will "deepen regulatory system reform and enhance its resilience against systemic risk," Yi said.
03/26/2018
Former Nomura Investment Banker Sues for Unfair Dismissal
Yang Zhizhong claims $4 million in damages, document says
03/26/2018
SoftBank Probes Who Was Behind Smear Campaign Against Top Executives
Series of letters to board called for removal of Nikesh Arora and Alok Sama; ‘sabotage’ effort also involved media leaks, complaint to SEC
03/25/2018
China Development Bank joins forces with BMCE Bank of Africa
The agreement between BMCEBOA and CBD will also be able to support sustainable development projects.
03/23/2018
Japan regulator warns cryptocurrency exchange Binance over unregistered ops
The regulator said Binance likely allowed Japanese residents to open accounts without confirming their identities
03/23/2018
ASIC closes doors on Storm charges with two fines
This involved them taking out home loans and margin loans to purchase units in said funds; these investments were used to pay Storm's fees.
03/23/2018
South Korea To Investigate Banks in Cryptocurrency-Linked AML Clampdown
South Korean officials are looking at ways to reduce risks associated with cryptocurrency trading.
03/22/2018
Central Bank Money Rules the World
When fears arise that central bank QE will recede on one side of the world, we see more volatility and rumors of hawkishness.
03/22/2018
Banks checking payment systems to prevent theft
"Foreign banks have also become the target,"
03/22/2018
Swiss Global looks to set up offices in Middle East and Asia
The announcement will see the group open news offices in Europe, Middle East, and the Far East.
03/21/2018
South Korea's Light Fintech Touch
The move mirrors similar efforts in Asia hubs Singapore and Hong Kong, which have both set up so-called sandboxes where fintech firms can test their services on prospective clients without being fully subject to regulation.
03/21/2018
Industry responds to latest FASEA guidance
The association said it will petition for the final legislation to prioritise the retention of existing advisers in the same way that it does the raising of education standards.
03/21/2018
LexisNexis Risk Solutions Anti-Money Laundering Solution Wins Top Award in Asia
LexisNexis Bridger Insight XG Awarded 'Best AML Solution' in 2017 at Asian Private Banker's Technology Awards
03/21/2018
Asia's banks leave room for debt funds to thrive
Australia is limiting bank lending to international buyers of real estate.
03/21/2018
The new head of China’s Central Bank faces a delicate balancing act
Its $5.7 trillion in financial assets give it the biggest balance sheet among major global central banks
03/21/2018
SFC reprimands and fines UBS Securities Asia Limited $4.5 million in relation to facilitation trading activities
It is also expected to maintain and keep sufficient records to explain its client facilitation business.
03/21/2018
Japan Quietly Hosted a Blockchain Roundtable for Central Banks, Regulators
The private meeting was held on March 8 and 9, an FSA announcement confirmed on Monday.
03/21/2018
Bogotá Chamber of Commerce looks to Africa, Asia and Middle East for stronger commercial ties
The agreement was signed by Hamad Buamim, President of the Dubai Chamber, and Mónica De Greiff, Executive President of the Bogotá Chamber of Commerce.