12/10/2015
Securities Commission Malaysia Revokes Licences Of Mercury Asset Management
Ng’s CMSRL was revoked under section 72 read together with section 65 of the CMSA when she was found to have engaged in improper business practices
Legal, Regulation & Compliance
12/10/2015
China's Anti-Corruption Drive Nets Another Top Banker
He’s the latest to be demoted.
12/10/2015
Citi To Provide Execution to Custody Services for Spain’s Renta 4 Bank To Access China A-Shares Through Shanghai-Hong Kong Stock Connect
Citi will facilitate the trades by providing an integrated pre- and post-trade solution including execution, settlement and custody services.
12/08/2015
SECP steps to boost mutual funds
Overall expenses of mutual fund are capped through the introduction of expense ratio concept as being followed in multiple international jurisdictions.
12/08/2015
CBA executive awarded $300,000 after 'hellish' bullying
The victim, CBA's head of customer relations Brendan French, has not yet decided whether to enforce the award against his defamer Michael Fraser, who has no assets.
12/07/2015
Parliament tables new tax laws for investment trusts
Offshore investors are often not familiar with the nuances of the Australian unit trust
12/06/2015
Citic Securities says unable to contact two senior executives
Several high-profile brokerage executives have been investigated in mainland China
12/04/2015
SAFE granted 17 new QFII quotas in November
Beijing is pressing ahead with the RQFII programme and has recently included Malaysia as its 14th overseas jurisdiction in the scheme.
12/03/2015
RMB joins the elite club
As China rose to the top in international trade in recent years, it was natural for RMB to become much more widely accepted in the trading of goods and services
12/03/2015
Third SMSF auditor banned
SMSF auditors must maintain high standards or ASIC will hold them to account
12/03/2015
China Shanshui Cement Group Limited: Cement Shoes for Directors?
In 2011, in the case of Re China Milk Products Group Limited Mr Justice Jones held that the directors of an insolvent company had an inherent authority to petition for its winding up, even if they were not empowered to do so by the company’s article
12/03/2015
Linklaters in talk with two Chinese firms for Shanghai venture
Linklaters is in discussions with two Chinese law firms, Shanghai Kai-Rong Law Firm and Shanghai Capital Law & Partners, as it attempts to become the first Magic Circle firm to practise Chinese law.
12/03/2015
Bank of China appeals disclosure order in counterfeit case
The Bank of China is appealing a decision by a New York court to fine it $50,000 a day for withholding information about counterfeiters' bank accounts in China.
12/02/2015
Jersey funds, capital markets and private wealth strengths highlighted in Asia Roadshows
Senior finance professionals in Asia heard about Jersey’s strength in funds, capital markets and private wealth at a number of events hosted by Jersey Finance in the Far East earlier this month.
12/01/2015
Asian companies have growing interest in U.K., says top Barclays banker
The number of people employed by U.K. companies in India has reached 690,000
12/01/2015
Central bank holds steady for 7.4% growth
The Reserve Bank will follow developments on commodity prices, especially food and oil, even while tracking inflationary expectations and external developments
11/30/2015
ASIC imposes licence conditions on wealth management firm
The Australian Securities and Investments Commission has imposed new licence conditions on retail stockbroking and wealth management firm, Morgans Financial Limited, after it found several breach incidents over recent years.
11/30/2015
International Monetary Fund set to admit Chinese renminbi to SDR currency basket
The International Monetary Fund issued a new staff report on 13 November supporting the inclusion of the renminbi in the Special Drawing Rights.
11/30/2015
S.Korea gives initial approval for first online-only banks
Another consortium of 21 partners, led by telecom company KT Corp with Alibaba's Alipay Holding Ltd, also received approval to open an online bank.
11/30/2015
Bangladesh Bank received nearly 4,000 bank fraud complaints in 2014-15
Moinul Islam Khosru returned to Bangladesh in 2009 after a year in the UK and applied for a bank loan to set up a resort in his native Sylhet.