03/24/2017
Barclays fined following ASIC investigation
It was found the Barclays entities failed to disclose to clients that they weren't required to hold an AFSL and are regulated by the respective overseas regulatory authority.
Legal, Regulation & Compliance
03/24/2017
Singapore regulator calls for end to ‘plague of misconduct’
Internationally, regulators have been cracking down on illicit fund flows, with several financial institutions being penalised for lapses in money laundering controls
03/24/2017
Korean govt arranges $6 billion rescue deal for DSME on condition private lenders chip in
DSME’s main creditor and largest shareholder Korea Development Bank announced the new rescue scheme on Thursday
03/24/2017
Barclays Hit By Aussie Regulator
The Barclays entities failed to disclose to clients that they were exempt from holding an Australian Financial Services Licence and are regulated by the relevant overseas regulatory authority
03/24/2017
Barclays Penalized by Australian Regulator for Disclosure Lapses
BCI also failed to notify ASIC of certain offshore investigation and enforcement matters within the time required of FFSPs.
03/23/2017
Diamond Trust Bank to acquire Habib Bank
If approved, this will be the third successful acquisition in the banking sector in less than a year.
03/23/2017
China to Build New Industrial City in Tangiers
It will be a new international smart city where industry and innovation respect ecology requirements.
03/23/2017
Phatra Securities inks path-breaking deal with Credit Suisse
They also outline how and why this is the first step of a grander plan for the firm to create a try open-architecture platform – including an evolution towards wealth solutions
03/23/2017
PH targets 2 more qualified Asean bank agreements
ABIF is designed to realize the vision of “One Asean Community” with qualified banks as vehicles for maximizing the vast trade and investment potential in the region.
03/23/2017
ASIC permanently bans Queensland adviser
ASIC said Logan's conduct was not a lapse of judgement, but a deliberate and repeated act of dishonesty, displaying a lack of integrity and professionalism.
03/23/2017
CommInsure cleared of medical misconduct
The database lacked proper functions to track changes and deletions, but found no evidence in its interviews that this had been abused.
03/23/2017
Singapore watchdog makes landmark market misconduct conviction
This is the first conviction of market misconduct under the joint investigations arrangement.
03/23/2017
ASIC Accepts Enforceable Undertaking From Former Macquarie Equities Limited
ASIC has accepted the EU as an alternative to taking administrative action against Mr Wilson.
03/23/2017
Barclays Penalized by Australian Regulator for Disclosure Lapses
The Australian Securities & Investments Commission said in a statement Thursday that the units -- Barclays Capital Inc., Barclays Capital Asia Ltd., and Barclays Capital Securities Ltd. -- failed to disclose the information to clients or inform ASIC o
03/22/2017
New Zealand central bank role under scrutiny
Departure of governor and deputy comes as critics call for revamp
03/22/2017
OCBC Wing Hang Bank sells stake in Hong Kong Life for S$425.8m
First Origin is an investment holding company with a focus on investment in the financial and technology sectors in Asia.
03/22/2017
Mizuho, Sumitomo Mitsui Trust seen merging custody service units
Low interest rates drive cross-group integration
03/21/2017
China regulates fund outsourcing business in fresh move to curb shadow banking - Sec Times
Regulators are worried that such funds are used as a shadow banking channel by lenders to make risky bets in corporate bonds or equities, without effective management by the external fund house.
03/21/2017
Secrecy on land titles registry sale helps keep bidders’ tax haven links quiet
It is reasonable that voters demand of their elected officials to know where their assets may end up and who might own them.
03/21/2017
Bank of Singapore in Indonesian Move?
The move comes as demand for more wealth management products rises on the back of the much heralded tax amnesty.