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.
Legal, Regulation & Compliance
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.
11/30/2015
Israeli fintech teams up with Australia’s biggest bank
Economy Ministry’s deal with the Commonwealth Bank of Australia highlights the worldwide impact of Israeli financial technology
11/29/2015
Asia’s central bankers flag ‘increased uncertainty’
AN EXPANSION in policy instruments and careful coordination are essential to building defenses against increased challenges to growth and financial stability in Asia
11/27/2015
China's biggest broker Citic probed for 'rule violations'
Citic Securities will actively assist the investigation and release any progress in a timely manner. The company is operating normally
11/27/2015
Bank of China refuses to give US court account details of luxury goods counterfeiting suspects
The bank also argued that the New York court had no jurisdiction over it.
11/27/2015
China Report: Bank Executives are Fleeing to FinTech Companies
The growing number of departures were described as a “blow to traditional state-owned banks”.
11/27/2015
China lets first foreigners into local interbank FX market ahead of SDR
China issued detailed rules on letting foreigners participate in the interbank foreign exchange market in September
11/27/2015
Chinese police crack $4.5bn underground bank
The police found illegal transactions amounting to 28.8 billion yuan ($4.51 billion) from 1.4 million foreign exchange trading records
11/27/2015
China regulator targets illegal margin finance in wealth management products
Illegal margin finance offered by non-bank lenders magnified the size the of China's equity bull-run and subsequent crash this summer, and was the subject of a severe crackdown in late summer and early fall.
11/27/2015
Philippines chases after Van Gogh, Picasso in Marcos wealth sale
The government is turning to the Internet and social media to hasten the chase, said Andrew de Castro
11/26/2015
iPredict to close after Govt refuses anti-money laundering law exemption
The website added that Bridges "formed these views without any discussions with us".
11/25/2015
First NZ Capital Granted License
First NZ Capital Granted Discretionary Investment Management Licence from the FMA
11/25/2015
Belgian accused of killing son to be remanded another week
He works for the Singapore investment management arm of Nordea, a company that describes itself as the largest financial group in northern Europe.