04/29/2015
Luxembourg receives 50 billion RQFII quota
The Chinese central bank announced the quota, the first RQFII for Luxembourg, on its website.
Legal, Regulation & Compliance
04/28/2015
OJK plans new regulation to boost venture capital industry
The Financial Services Authority will issue a new regulation to boost the financing capacity of the country’s venture capital industry in providing funds for small companies, especially start-ups.
04/28/2015
UBS says regulators may crash the housing party
UBS banks analyst Jonathan Mott says rising house prices could see regulators crack down on lending practices and increase the risk of an economic shock
04/27/2015
Jho Low’s company received US$330mil, says whistle-blower
It said the loan had been authorised by 1MDB, supposedly in favour of its former joint venture partner PetroSaudi International although Jho Low has repeatedly maintained that he has held no role in 1MDB and made no profit from its investment dealings.
04/27/2015
Korean Brokerage firms raided on inside trading
The Seoul Southern District Prosecutors' Office said it had confiscated evidence that it believes proves the companies' alleged sharing of inside information
04/27/2015
Corporate regulator seeks ‘civil enforcement powers’ in bill to be filed in June
The Philippines’ corporate regulator seeks to have “civil enforcement powers” through a bill amending the Securities Regulation Code that it plans to file in June
04/27/2015
DIFC welcomes Korean law firm
The United Arab Emirates is currently home to 160 Korean companies and a 13,000-strong Korean workforce.
04/27/2015
Ex-Macquarie fund manager in S.Korea taken into custody over bond trades
The investigation by the Seoul Southern District Public Prosecutors' Office is based on findings announced earlier this year by South Korea's Financial Supervisory Service, which in January ordered Macquarie to fire the fund manager.
04/23/2015
China's central bank uses foreign exchange reserves to boost Silk Road initiatives
The central bank will become the second-largest shareholder of the CDB
04/22/2015
ANZ deputy CEO issues planning apology
The ANZ Bank's deputy chief executive, Graham Hodges, has apologised to a Senate Committee for the banking group's failings around its Prime Access offering amid political and regulatory criticism that clients paid for financial advice they did
04/22/2015
1MDB gave false documents to Singapore’s BSI Bank, says Sarawak Report
Sarawak Report said separate insider information obtained in Singapore had corroborated that there was no actual cash in the relevant Brazan Sky Limited account.
04/22/2015
BlackRock Says 1.5% RBA Rate Possible on Massive Bond Inflows
The Reserve Bank will be spurred to reduce its benchmark rate from 2.25 percent as the local dollar remains resilient while Europe and Japan’s quantitative easing drive demand for Australia’s higher yields, he said.
04/21/2015
CFA Institute bets on Asset Manager Code to grow biz
CFA Institute, the global association of investment professionals, will partner with SBI Mutual Fund for ‘Adoption of Asset Manager Code and Investment Performance Standards’ very soon, a top executive said.
04/21/2015
ASIC steps up UBS probe
Premier Mike Baird admitted his office called UBS to complain about the original note
04/21/2015
Chinese banking giant breaches Reserve Bank rules
One of the Chinese banking giants setting up shop in New Zealand has already run afoul of the Reserve Bank, in a technical breach of its conditions of registration
04/21/2015
Good governance gives financial centres edge over competitors
Global finance is facing an Eastward shift, with Asian cities such as Singapore, Hong Kong and Shanghai now ranked among the world’s leading financial centres
04/21/2015
Clyde & Co Announces 2015 Partner Promotions
Clyde & Co is delighted to announce 24 partner promotions across its international network
04/21/2015
Chiefs face Senate over financial planning fiasco
THE chief executives at most of the nation’s biggest banks have conceded more work is needed to clean up the tarnished financial advice industry.
04/21/2015
Banks open to $50m industry insurance scheme for bad financial advice
The big banks have provided conditional support for an industry-wide insurance scheme for clients who sustain losses from dodgy financial advice.
04/21/2015
Foreign investment in the Indian insurance sector – the mega-reform
The Insurance Bill would now require Presidential assent and publication in the official gazette of India to become effective.