03/15/2018
Banking royal commission: document shows NAB bosses well aware of fraud
Hearing told bank knew its ‘introducer program’ had problems months before telling regulator
Legal, Regulation & Compliance
03/14/2018
Barclays in Australian U-Turn?
Barclays did little to dampen the speculation it could reverse course and come back to Australia.
03/14/2018
Regulatory disruption hampers long-term vision for super
She added while it may be easy for those within the industry to get distracted by regulatory disruption such as the Royal Commission, the industry must prioritise more future-focused and member-focused strategies.
03/14/2018
Court Allows Bank Of Baroda To Leave South Africa Over Gupta Brothers Links
Bank of Baroda was the only bank that had been working with the Gupta companies after all South African banks severed ties with them following corruption allegations against Ajay, Atul and Rajesh Gupta involving billions of rands.
03/14/2018
After UBS Ban, Hong Kong to Punish Other `Reckless' IPO Sponsors
The SFC wants to hold individuals as well as the firms accountable, Atkinson said.
03/14/2018
Dentons to combine with seven elite firms in Africa, the Caribbean and South East Asia
Combinations will uniquely position the world's largest law firm to meet client needs in yet more places around the globe
03/13/2018
China merges bank, insurance regulators to tackle risk
Beijing has launched a series of regulatory overhauls over the past two decades, creating and merging agencies, to respond to the growth of China’s vast, state-owned banking, insurance and finance industries.
03/13/2018
Grab and Chubb sign partnership to provide innovative in-app insurance solutions throughout Southeast Asia
The partnership was announced as part of the launch of Grab Financial, the fintech platform within the Grab ecosystem.
03/13/2018
China to merge banking and insurance regulators, create new ministries
The commentary suggested the party will have greater influence and say in the government, or the State Council, which is headed by Premier Li Keqiang, some analysts say.
03/13/2018
Customers should be compensated for bank mistakes: OJK
A number of BRI customers reported that money had been withdrawn from their accounts without permission.
03/13/2018
ASIC permanently bans mortgage broker
ASIC also surveilled Mr Houghton and received multiple client files from his time as an authorised representative of Financial Wisdom
03/13/2018
SFC reprimands and fines Deutsche Bank AKTIENGESELLSCHAFT and Deutsche Securities Asia Limited $8.3 million for regulatory breaches
The SFC considers that the cooperation of DBAG and DSAL has expedited the disciplinary proceedings; otherwise, similar failures would have resulted in a substantially higher level of fine.
03/12/2018
Bitcoin Accepted in Japan, Banned in China
Zhou's statement is an emphasis, after the United States on Thursday said the online trading platform of digital currencies “has the potential to break the law” so it must be registered with the regulator.
03/12/2018
UBS's Pain Will Be Hong Kong's Gain
Regulators are sending a message that they take investor protection seriously.
03/12/2018
Why didn’t UK probe banks for handling RM8 billion in 1MDB funds, asks anti-graft group
Banks are required to carry out extra checks when handling funds from state entities, and must report suspicious transactions, block such transactions if no explanation is given and close the accounts involved if needed.
03/11/2018
Government planning to relax FDI rules for pensions sector
Discussions are taking place between the finance ministry and the Department of Industrial Policy and Promotion
03/11/2018
Banks brace for pain as royal commission begins
It’s shaping up as the policy highlight of the year.
03/09/2018
Late tycoon Yu Pang-lin’s entire HK$10 billion estate can go to charity, High Court rules
Yu, who owned kung fu legend Bruce Lee’s former mansion, died three years ago and had earlier said he would donate his earthly possessions to help those in need
03/09/2018
Chinese regulator grants second batch of FOFs licences
Overseas experiences show that FOFs are good products for pension investment because of its asset allocation feature
03/09/2018
Singapore MAS in bid to regulate ‘large scale movement’ of advisers
Such recruitment practices increase the risk of FA representatives engaging in aggressive sales tactics