11/02/2016
Hong Kong money laundering and terrorism financing reports hit record high
The Joint Financial Task Force received almost 60,000 reports of suspicious transactions over the first nine months of the year alone
Legal, Regulation & Compliance
11/01/2016
Singapore: Former banker first to stand trial in international 1MDB probe
A former BSI bank wealth planner, is accused of perverting the course of justice
11/01/2016
International law firm crowdfunds Brexit help service
The BASe portal has been crowdfunded with clients already signed up including Australia’s Lendlease and UK mutual insurance company Royal London.
11/01/2016
StanChart faces action from Hong Kong regulator over IPO
Lender says it is on track to cut $1bn in costs this year
10/31/2016
16-368MR ASIC permanently bans former financial adviser Ashley Howard
Most recently the Supreme Court of New South Wales ordered Mr Fung to pay approximately $680,000 to the company.
10/31/2016
16-366MR ASIC bans former Gladstone financial advisor
We will take steps to remove financial advisors who have acted dishonestly from the financial services and credit industry in order to protect consumers.'
10/31/2016
Australia regulator on lookout for big banks buying fintech startups
What can they unlock in the future?
10/30/2016
Two Chinese banks test regulators tolerance cutting crisis buffers
China’s lenders scramble to maintain profits in the face of increased levels of bad loans
10/30/2016
Hong Kong court opens investigation on Swiss bank UBS
Hong Kong tightened up its stock listing rules three years ago by making the banks responsible for preparing IPO documents
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.
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.