03/28/2018
World Bank’s IFC to invest U$100 million in India fund
Citing IFC sources, Deal Street Asia says in a March 27 report that IFC will play the role of anchor investor in the IRF, and will commit up to $100 million to the fund.
Legal, Regulation & Compliance
03/28/2018
Indonesia imposes extra capital requirements on top banks
The move may conflict with government efforts to reverse a slowdown in lending and bolster the economy.
03/28/2018
China's leaders approve new asset management rules, financial court
The reform will further touch upon profound adjustment of interest patterns and changes of the system of institutions.
03/27/2018
Freshfields recognised at Asia Legal Awards 2018
These awards reinforce the industry recognition Freshfields won earlier this month at the IFLR Asia Awards 2018, where the firm was named M&A Firm of the Year, Pro Bono Team of the Year and also won M&A Deal of the Year award for its work advisin
03/27/2018
The under-the-radar bank quietly getting ready to ramp up Asian recruitment
The new licence, which elevates Pictet from a from a merchant bank to a wholesale bank, now means that its Asian recruitment is likely to initially focus on Singapore, say headhunters.
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.
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