03/09/2018
Hong Kong’s Central Bank looks likely to tighten liquidity
HKMA Chief Executive Norman Chan said on Thursday afternoon the city is capable of coping with fund outflows and will ensure the exchange rate doesn’t weaken beyond its band.
Legal, Regulation & Compliance
03/09/2018
Australia PM’s son says Goldman sidelined him after 1MDB warnings
Alex Turnbull claims bank ‘B-tracked’ him after querying dealings with Malaysian fund
03/09/2018
Hong Kong Suspends UBS From IPO Sponsoring
«UBS intends to appeal the decision,» the Swiss bank said in the legal disclosure section of its annual report, which means the suspension won't enter into force yet. The SFC wasn't immediately available for comment
03/09/2018
Japanese Watchdog Bares Its Teeth
The financial regulator increased monitoring of virtual currency exchanges following the massive hack on Coincheck which resulted in the theft of $532 million worth of digital tokens.
03/08/2018
New guernsey finance appointment in hong kong to support island's growth in asia
The promotional agency for the island’s finance industry opened an office in Hong Kong at the end of 2016, linking up with the regulator, the Guernsey Financial Services Commission.
03/08/2018
Urgent rates decision likely to face next head of China's central bank
The U.S. Federal Reserve's rate decision will be made public on March 21
03/08/2018
Devil in the detail in Singapore-Malaysia link
Cross-border exchange cooperation is back in focus in Asia – and at scale.
03/08/2018
Can Regulations Temper the ICO Craze?
Regardless of the gravity of restrictions, these regulatory efforts, especially those made by major economies, appear to impact both the local and international crypto markets.
03/08/2018
Prudential's Malaysia unit in stake sale talks with pension fund as regulatory deadline looms
Foreign insurers are required to cut their stakes in their local units to 30% to abide by a directive announced by Malaysia's central bank last year, under an initiative to lift domestic participation in the industry.
03/08/2018
MAS Wants Clampdown on Mass Defections
The recent mass recruitment of representatives by FA firms from competitors was accompanied by sizeable sign-on incentives.
03/07/2018
‘Wolf of Wall Street’ Producer to Pay $60 Million in Settlement
The complaint targeting the 2013 picture, directed by Martin Scorsese, is among more than two dozen forfeiture lawsuits filed by the U.S. against $1.7 billion assets that were allegedly acquired with money stolen from 1Malaysia Development Bhd.
03/07/2018
The secret insider terms used in Chinese money laundering
Nearly two percent of China’s GDP may have been lost to capital flight in the first three quarters of 2017
03/06/2018
Central Bank's New Directive Threatens To Bring Down India's Booming Digital Wallets Industry
Ironically, this regulation comes at a time when mobile wallets reported a 14% growth in January transactions at 113.6 million compared to 99 million in December 2017.
03/06/2018
Australia to Expose Banking Secrets
A former judge investigating the industry rejected its application.
03/06/2018
China vows to confront structural issues with tighter control
Corporate debt to be reined in to contain financial risk
03/06/2018
Singapore government increases stamp duty on high-end residential properties
Finance Minister Heng Swee Keat said in his budget speech that the measure makes Singapore’s tax system more progressive, fair and resilient.
03/06/2018
Ogier's Hong Kong and Jersey teams advise on cryptocurrency fund launch
The Fund, structured as a Cayman Islands master feeder fund structure and registered with CIMA, is credited with being one of the few institutional quality cryptocurrency funds at the time of its launch.
03/06/2018
SME Development Bank Malaysia Berhad Chooses Wolters Kluwer
OneSumX IFRS 9 is a comprehensive and modular solution which provides the financial industry with a solid framework to capture and store all relevant contractual information
03/06/2018
More mortgage rate cuts expected as major lenders rebuild their market share
Big four lenders started losing market share to smaller lenders and regulation-lite non-bank financial institutions when they slammed on the brakes to meet Australian Prudential Regulation Authority's 30 per cent cap on interest-only loans.
03/05/2018
ASIC hits former Westpac, NAB, YBR adviser with permanent ban
ASIC said Khan did not ensure his client had obtained independent advice with regards to the "loan" or the "gift" and the money was largely spent on personal expenses.