03/19/2018
G20 urged to adopt common regulations for cryptocurrencies
It is understood discussions on cryptocurrencies will take place across both days between finance officials from G20 members.
Legal, Regulation & Compliance
03/18/2018
India’s Axis Bank expands UAE business with a third representative office
Lender has a 20% market share of $12b remittance from UAE to India
03/15/2018
China boosts insurance oversight with regulatory revamp
Central bank will lay down the rules while merged watchdog handles policing
03/15/2018
SFC reprimands and fines CLSA Limited $9 million over internal control failures
The SFC also took into consideration the undertaking of CLSA’s board of directors that reasonable steps will be implemented within the next 12 months to rectify CLSA’s internal control failures in relation to avoidance of conflicts of interest
03/15/2018
Singapore police and regulator team up to investigate IFAs
This arrangement will allow both agencies to consolidate their investigative resources and expertise and further improve the overall effectiveness of market misconduct investigations.
03/15/2018
Deutsche Bank fined for regulatory breaches in Hong Kong
The companies have agreed to submit an internal report to the regulator after 12 months to ensure implementation of remedial measures.
03/15/2018
Bank Negara adds Tu-E Capital to alert list
A check on the Tü-E Capital website shows the company has an office in Kuala Lumpur.
03/15/2018
Money 20/20: Open banking eases regulatory hurdles in fintech
It is long since an established bank has shared its license and regulatory expertise through an open platform based on application programming interface,
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
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.