03/15/2017
Siemens Gets Banking Licence
Siemens Bank’s clients primarily include companies, special purpose entities and public-sector debtors.
Legal, Regulation & Compliance
03/15/2017
Bank Central Asia outpaces rivals with 14% profit surge
Indonesian private lender closing gap with state-owned players
03/15/2017
Ex BSI Banker Yeo Must Wait to Face Money-Laundering Charges
The banker was convicted in December and is currently serving 30 months.
03/15/2017
Maddocks advises on major technology outsourcing agreement
The platform will service more than 500,000 ANZ retail stockbroking clients.
03/15/2017
IndusInd Bank set to acquire securities services firm ISSL
The platform clocks one million transactions per day and is a clearing member on equity exchange traded derivatives.
03/15/2017
Deutsche Securities warned by Japan over bond trading collusion
The warning is the first issued by the commission to financial institutions in Japan over trades of European sovereign bonds
03/15/2017
17-063MR ASIC consults on sunsetting class order about licensing relief for trustees of wholesale equity schemes
The wholesale equity scheme is effectively operated by the manager that holds an AFS licence and that takes responsibility for the operation of the scheme.
03/15/2017
World capital market regulators launch first Asia Pacific hub
The Hub in Malaysia will foster greater connectivity and inclusiveness within the Asia Pacific region
03/14/2017
Singapore fintech start-ups to gain access to Middle East
Both authorities will also undertake and explore joint innovation projects on the application of key technologies including digital and mobile payments, blockchain and distributed ledgers.
03/14/2017
Family Offices - Are you required to be registered or licensed in Singapore?
The importance of regulatory clarity in encouraging the growth of the family office industry.
03/14/2017
Prohibition Orders against individuals involved in 1MDB-related breaches
Mr Leissner will be prohibited for a period of 10 years from: (i) performing any regulated activity under the Securities and Futures Act
03/14/2017
Guernsey-China relationship strengthened with regulatory MoU
One of the early adopters of the Common Reporting Standard, Guernsey has a reputation for working in tandem with its finance industry
03/13/2017
CSRC approves IPO applications of 10 firms
Under the current IPO system, new shares are subject to approval from the CSRC, which controls both the timing and pricing.
03/13/2017
Singapore hints at covered bond reforms
Currently, the encumbrance limit for Singapore is 4 per cent, on par with Canada
03/13/2017
Hunter Hall and Pengana Capital to merge
Ethical fund manager Hunter Hall Limited has entered a merger agreement with Pengana Capital, which will result in a business with combined funds under management of $3.1 billion.
03/13/2017
Government vows to control risks in financial markets
The emphasis on curbing financial risks also reflects the government's concerns about the rising trend of "exit the real, enter the fake"
03/12/2017
New rules in the new year: SIAC's Investment Arbitration Rules
The IA Rules can be expected to facilitate further the emergence of Singapore as a popular seat for investor-State disputes (although IA Rules arbitrations can be held elsewhere).
03/12/2017
Singapore rushes to save banks amid property rules easing
The relaxation of the rules came after 13 consecutive quarters of drops in Singapore home prices.
03/12/2017
Financial regulators press anew for further easing of bank secrecy
The corporate regulator, which hosted the roundtable discussion for a position paper it will submit to the Congress
03/10/2017
3 N. Korean banks banned from key international financial network
The latest ban had completely isolated North Korea from the international financial system.