11/20/2017
More Legal Woes For HSBC
HSBC Is Being Dragged Into High Profile Legal Proceedings
Legal, Regulation & Compliance
11/20/2017
Collaboration with industry and regulators key to enhancing RegTech innovation in Singapore and the region
The Hon. Mr Gosper advocated for Australia and Singapore to work together to safeguard against potential threats and enhance RegTech innovation.
11/20/2017
Institutional Investors Accelerating Moves Toward Participation In Stewardship Code
Institutional Investors Have Been Picking Up Speed In Taking Part In The Stewardship Code
11/19/2017
Hong Kong’s bitcoin businesses suffer after local bank accounts frozen
Companies say they have had to go to foreign banks after disruption
11/19/2017
India gets nod to access details on black money stashed in Swiss banks
The proposal will now be submitted for approval from the upper chamber of Swiss Parliament, the Council of States, in the winter session beginning November 27.
11/17/2017
NAB joins Commonwealth in anti-money laundering compliance issues
NAB revealed the issue in its latest annual report, something which it is currently investigating internally.
11/17/2017
South Africa creates new partnerships with India
The purpose of the conference is to have networking between professionals, business people, industries and experts.
11/17/2017
Regret RBI decision to not pursue Islamic banking
The RBI decided not to pursue a proposal to introduce Islamic banking in the country.
11/16/2017
New Rules Released on Policy Banks to Enhance Risk Control
The regulator will set requirements on capital adequacy ratios for the three policy banks
11/16/2017
Neuberger Berman Obtains China Private Fund Manager License
The registration expands Neuberger Berman's commitment to China and its investment resources locally.
11/16/2017
Mauritius Lawsuit Accuses Top Indonesian Officials Of Laundering Billions
Billions Of US Dollars Belonging To Indonesian Taxpayers Have Allegedly Been Spirited Out Of Indonesia
11/16/2017
MAS signs FinTech Co-operation Agreement with the central bank of the Republic of the Philippines
The authorities will work on FinTech projects together, such as facilitating faster cross-border payments and streamlining “know-your-client” (KYC) processes.
11/16/2017
Monetary Authority of Singapore may regulate ICOs
This brings initial coin offerings in Singapore in line with the issue of shares in other sorts of Collective Investment Schemes.
11/16/2017
Hong Kong SFC concludes consultation on asset management regulation
The SFC will publish frequently asked questions to provide further guidance to the industry on the implementation of the proposals.
11/16/2017
Westpac star trader admits breaching 'Chinese walls' in interest rate chats
A key part of Westpac's defence is that its treasury desk was independent and all counterparties.
11/16/2017
NAB sacks 20 bankers and disciplines another 32 over dodgy home loan scandal involving foreign buyers
The mortgages involved overseas borrowers and were issued through external workers who were given incentives for referring customers to the bank.
11/15/2017
IMF Raises South Korea 2017 Growth Outlook
The IMF raised its 2017 GDP estimate to 3.2% from 3% projected in September.
11/15/2017
Over the horizon
The M&A market continues to be active in Asia with Cayman, BVI and Bermuda remaining the top jurisdictions for offshore M&A transactions,” says Denise Wong
11/15/2017
NY regulator mulling fine on Korean banks for AML violation
Earlier this year, NongHyup Bank handed in a written agreement to the Federal Reserve Bank of New York to address its compliance deficiencies.
11/14/2017
PH, Japan affirm close ties
Finance Secretary Carlos Dominguez III and Japan International Cooperation Agency Chief Representative in the Philippines Susumu Ito also had an exchange of loan agreement on the Cavite Industrial Area Flood Risk Management Project.