12/02/2022
FCA exec endorses cash rewards for fintech innovation
The regulator also has representation in Wales and Northern Ireland.
Legal, Regulation & Compliance
12/01/2022
Australian banking system cushioned for imminent climate change-related risks - regulator
The study predicted bank losses could be higher from lending to sectors that more exposed to risks associated with transition to a lower emission economy, such as mining, manufacturing and transport.
11/28/2022
UK and Singapore deepen collaboration in FinTech and strengthen financial cooperation
HM Treasury and Monetary Authority of Singapore joint statement on the seventh meeting of the UK-Singapore Financial Dialogue.
11/28/2022
KPMG, Quinlan & Associates Form Strategic Tie-Up
KPMG China has formed a strategic cooperation with Quinlan & Associates
11/28/2022
Neuberger Berman Green-Lighted for China Fund Business
Neuberger Berman first applied to set up a China mutual fund unit in April 2020 before receiving approval to do so from the CSRC in September 2021.
11/24/2022
Advisers must register for FSCP: ASIC
"We've been working on the panel and ensuring its efficient and effective operation as the single disciplinary body for financial advisers," Sciacca said.
11/24/2022
Nearly a third of financial claims involve fraud and scams: Fidrec
The profile of claimants was skewed towards younger adults, with nearly 60 per cent aged 50 and below in FY2021.
11/22/2022
Manulife IM Receives Approval for Takeover of China JV
This will make it the first foreign wealth and asset manager to convert its joint venture into a wholly-owned public fund management company in mainland China.
11/18/2022
Indonesia regulator allows banks to invest 35% of their capital in fintech firms
With the new rule, they can invest capital directly in fintech firms, or acquire their shares on the stock exchange.
11/18/2022
ANZ to pay $42m in insurance lawsuit
The class action followed claims consumers were sold credit insurance without consent when taking out credit cards and personal loans.
11/17/2022
Central Banks of Indonesia, Malaysia, Philippines, Singapore and Thailand Seal Cooperation in Regional Payment Connectivity
The RPC is expected to be a significant contributor to accelerating regional economic recovery and promoting inclusive growth.
11/16/2022
GFG Takes Step Towards Settlement With Creditors
The agreement, subject to approval, pauses further litigation by the Swiss bank against the steel group.
11/16/2022
EU and international partners launch ground-breaking partnership on just energy transition with Indonesia
In a joint statement , Indonesia and international partners have announced their commitment to meeting ground-breaking climate targets and related financing.
11/15/2022
Regulatory Approach to Digital Assets in Hong Kong and Singapore
Unsurprisingly, digital assets were the focus of various announcements issued during Hong Kong's and Singapore's respective Fintech Week events held in early November 2022.
11/14/2022
China regulators urge more financing support for property firms
A notice to the institutions from the People's Bank of China and the China Banking and Insurance Regulatory Commission covered 16 steps
11/09/2022
HKMA welcomes the additional payment arrangement for residential mortgage refinancing transactions
PAPT can better facilitate the development of digital finance while strengthening protection of mortgage customers.
11/08/2022
HashKey Capital Secures In-Principle Approval CMS License
The company was also granted an uplift of its Type 9 licence for asset management in Hong Kong in September, enabling the company to manage a portfolio of 100% virtual assets.
11/04/2022
ASIC Annual Forum 2022: New directions for the boardroom
International developments impact financial stability here in Australia.
11/02/2022
MOF and MAS Launch Process to Digitalise Banker’s Guarantees and Insurance Bonds
“This is a win for both financial institutions and their customers. eGuarantee@Gov facilitates greater efficiency in processing guarantees and reduces the operational risks associated with manual paper-based workflows.”
10/28/2022
Bank of Japan to keep ultra-low interest rates, defy global tightening trend
The nine-member board is likely to cut its growth forecasts for this year and next, the sources said, as the fallout from global monetary tightening and China’s sharp slowdown weigh on Japan’s export-reliant economy.