11/22/2017
Goldman Sachs Ordered to Pay $24 Million to Indonesia Tycoon
Jakarta court rejects counterclaim against Benny Tjokrosaputro
Legal, Regulation & Compliance
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.
11/20/2017
More Legal Woes For HSBC
HSBC Is Being Dragged Into High Profile Legal Proceedings
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.