04/14/2015

China moves to tighten control over policy banks

China’s government is strengthening control over the country’s three major policy banks to position them better to support new initiatives to finance projects and corporate expansions abroad and to help stabilise growth at home

04/14/2015

China weighs up relaxing nascent OA market

The OA scheme came into force in January 2015. Similar to enterprise annuities, the OA scheme consists of contributions from both employees (4% of salary) and employers (8% of salary).

04/13/2015

Finding the IBOR That Fits Your Institution’s Needs

In searching for an Investment Book of Record (IBOR), financial institutions (FIs) need a solution built to address the need to record, process and distribute investment data in the different views required by stakeholders.

04/13/2015

ED begins probe against Naveen Jindal, his family

Enforcement directorate has begun a probe against industrialist and Congress leader Naveen Jindal and his family for alleged contravention of forex laws in operating bank accounts in Singapore, a charge denied by the former MP.

04/10/2015

Trust comes with GIPS compliance

Taikang Asset Management Co Ltd became the first insurance-owned asset management firm to claim compliance with the Global Investment Performance Standards in China

04/08/2015

Banks suffer executive loss after salary limit

BOC's Zhu has been placed in China Everbright Group, a joint-stock enterprise, and Ling Tao, former deputy director of the central bank's Shanghai branch, has been taken the position of president of Shanghai Huarui Bank, a private bank.

04/06/2015

Swiss ups vigil as India threatens criminal action

Switzerland has been making efforts to strengthen its bilateral cooperation with India and some other countries on tax matters, as many Swiss banks are finding themselves in regulatory crosshairs in multiple jurisdictions.