11/27/2017
China clamping down on vast shadow banking sector
Broad effort to regulate off-books products could choke weak banks' funding
Legal, Regulation & Compliance
11/27/2017
EFG set to emerge from BSI scandal as 5th-largest Swiss bank
The year's largest deal in the Swiss private banking space that was touted as transformative turned hellish mid-sale.
11/27/2017
Aurora CFO terminated as $1m vanishes from listed trust
Aurora has notified the incident to ASIC "as required under the conditions of its Australian financial services licence and the insurer under its investment management insurance policy."
11/26/2017
China's New Rules May Bring Sea Change for Millions of Small Investors
A move away from bank WMPs by armies of Chinese investors - which some analysts expect - would likely trigger a seismic shift in China’s asset management industry.
11/26/2017
Debt increase drives China’s asset management reforms
Government moves to defuse investment risks accumulating in country’s financial system
11/23/2017
DFSA and ASIC sign FinTech agreement
The signing took place between Mr Ian Johnston, Chief Executive of the DFSA, and Mr John Price, Commissioner of ASIC, in Melbourne.
11/23/2017
Chinese police detain seven in multi-billion underground currency scheme
The yuan, or renminbi, is not fully convertible and the government limits the amount of foreign currency to which individuals and businesses in China have access
11/23/2017
Malaysia to Place Bitcoiners Under Existing Anti-Money Laundering Laws
Such persons “would be designated as reporting institutions under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.”
11/23/2017
What to Expect From Asia's Big Central Banks Reshuffle
Leadership roles are up for review in China, Japan and others
11/23/2017
Monetary Authority Of Singapore And Abu Dhabi Global Market Foster Closer Cooperation In Banking Supervision
The signing ceremony was held on the sidelines of the annual Abu Dhabi Singapore Joint Forum in Abu Dhabi today.
11/22/2017
China guidelines for asset management products may be a “game changer”
The measures aim to address regulatory arbitrage loopholes and reduce leverage levels to curb asset price bubbles
11/22/2017
Revealed: Asia’s largest law firms 2017
Linklaters overtaking Mayer Brown JSM as the largest international firm in Hong Kong, while the Philippines has a new No. 1 in SyCip.
11/22/2017
Goldman Sachs Ordered to Pay $24 Million to Indonesia Tycoon
Jakarta court rejects counterclaim against Benny Tjokrosaputro
11/22/2017
FSS warns banks' overseas branches on weak risk management
The financial watchdog also pointed out that Woori Bank’s headquarters had failed to properly supervise overseas corporations.
11/22/2017
Chartwell Associates Partners with Crossbridge Capital to Offer Enhanced Investment Service for Singapore Clients
The agreement will provide Chartwell advisors with access to an extensive range of funds and investment products
11/21/2017
Regulation informs banks' asset forays
This will help increase differentiation of the business segment.
11/21/2017
SG: Withers snaps up Colin Ng’s finance, real estate team
The team acts across asset finance, corporate finance, and project finance matters, with a particular focus on real estate transactions.
11/21/2017
Hong Kong tribunal fines HSBC private bank $51 million for Lehman-linked products
The securities regulator had started its investigation into the issue after some HSBC private banking clients’ complained of losses arising from investments
11/21/2017
Japan's biggest lender MUFG plans to slash workforce some 15% by 2024
MUFG's announcement comes as its domestic rivals also attempt to streamline their operations to cushion profits.
11/21/2017
Singapore regulator calls for more feedback on payments law
MAS points out that activities that face customers or merchants, process funds or acquire transactions, and pose relevant regulatory concerns will need to be licensed.