10/30/2016
Germany's DZ Bank to refer clients to OCBC's unit as it exits Singapore
The latest arrangement involves no financial exchange.
Legal, Regulation & Compliance
10/30/2016
China to start tracking non-resident assets held in country
China plans to introduce OECD approved Common Reporting Standards September 2018
10/27/2016
ASIC confirms systemic failures in advice
ASIC found the service was not provided because either the customer did not have an adviser allocated to them or the allocated adviser failed to deliver on their obligation.
10/27/2016
Singapore Central Bank Inks Blockchain Deals With India, South Korea
It’s been a busy week on the blockchain front for Singapore’s central bank.
10/27/2016
Latham & Watkins picks Tokyo managing partner to lead Seoul office
Latham’s Seoul office, its sixth in Asia
10/26/2016
RegTech will change the way we regulate
The emerging field of RegTech promises an algorithmic alternative to regulation that can reduce friction and simplify compliance
10/26/2016
PBOC Said to Test Extra Monitoring of Wealth Management Products
Extra scrutiny could cool growth in the products as China tries to rein in financial risks that could tank the economy
10/26/2016
Further government action needed to level the banking playing field, says MyState
MyState loan book exceeds $4 billion
10/26/2016
China to monitor banks’ wealth management products
New supervisory tool provides a comprehensive risk and credit exposure review for individual banks
10/25/2016
ADB Asian Development Bank: Central Asian Countries Identify $94 Billion Energy Investment Needs to 2023
The findings were presented at the 1st Energy Investment Forum of the Central Asia Regional Economic Cooperation.
10/25/2016
RBNZ to replace 90-day bank bill projection for track of OCR
Variations in the past have generally been temporary and experienced during periods of financial stress.
10/25/2016
NZ reserve bank to publish projections for official cash rate, rather than the 90-day bill
The projections will continue to be on a smoothed quarterly average basis.
10/25/2016
Senior Deutsche banker sentenced to prison over a fatal car crash
The offence was punishable by 10 years’ imprisonment.
10/24/2016
China warns of property-related financial risks
Irregular inflow of loans or wealth management funds into the property sector must be banned, said the statement.
10/24/2016
Crackdown on underground banks intensifies as concerns over outflows increase
The classic ways of moving money out of China illegally include fake trade invoices and disguised card spending abroad though new methods are emerging, such as buying insurance policies in Hong Kong.
10/24/2016
Singapore Ties Up with Fintech Valley of India
The Monetary Authority of Singapore and the Government of Andhra Pradesh have signed a Fintech Cooperation Agreement
10/24/2016
BSP seen to finally raise rates next year
Philippines is the only central bank in Asia that would likely tweak interest rates next year.
10/20/2016
Local law firm named Fast Firm for 2016
The on-boarding of both lawyers paved the way for the re-birth of the company.
10/19/2016
Narev points to GFC for bank dissatisfaction
The chief executive admitted during the GFC the bank let customers down and took too long to realise that expectations had changed.
10/19/2016
Japan to tighten regulations on high-frequency traders
HFT accounted for about 70 per cent of orders placed at the Tokyo Stock Exchange in 2016.