Managers of Wealth Asia Pacific

The BSP governor was responding to questions for updates on the Asean Banking Integration Framework, involving Qualified Asean Banks.

The sometimes opaque way the curbs are being implemented is making it difficult for cash-strapped firms to plan and undertake bond sales.

Mr Fong provided financial advice to a large number of clients on superannuation and insurance.

Falcon and BSI were hardest hit, paying combined S$17.6 million in fines before being sent packing.

Regulatory action comes as ban on product sales has hit cash flow

The audit also found the company's trading was subject to a functioning risk-management system," it said.

Lenders asked to provide information on loans made to Dalian Wanda Group, Anbang Group & HNA Group

The JIT head explained that the name was not disclosed for security reasons.

Under the legislative proposal, corporations could be forced to pay compensation relative to the employee's salary or a lost promotional opportunity.

This Framework will help open up an important market for Australian fintechs.

The SFC will work closely with the China Securities Regulatory Commission to ensure smooth implementation, the SFC statement added.

The affair, however, is mentioned in the annual report published in June.

The PBoC went so far as to warn Chinese consumers that so-called "digital currencies issued by PBoC" could be a part of a pyramid scheme.

ASIC chairman Greg Medcraft has warned fund managers about “structural vulnerabilities” in the sector that could present “financial stability risks”.

China's central bank, which raised some interest rates after the Fed's March move, kept them unchanged this time.

The firm said that, with the licence in hand, it would be able to once more engage its 55,000 users in Singapore.

"Commodities are indispensable resources for the industrial economy," Fang said.

It said further announcements would be made upon receipt of Bank Negara's decision.

Chan lists four conditions for city to consider a yuan peg

Kotak Mahindra Old Mutual Life Insurance is a joint venture between Kotak Mahindra Bank, its affiliates, and Old Mutual Plc.