03/11/2015
Taiwan’s FSC to clamp down on offshore fund houses
The measure has prompted many offshore managers to join an incentive scheme
Legal, Regulation & Compliance
03/11/2015
ASIC bans Charterhill director from financial services
Businesses in the group included Financial Wellness, Nova Real Estate, Lending Solutions International and EJ Property Developments
03/11/2015
Project Wickenby’s seven-year hunt lifts lid on dubious trades
The companies in Western Samoa, Britain, the Bahamas and the Cayman Islands, had made hundreds of millions of dollars in profits from questionable trading in Australian shares
03/11/2015
1MDB’s Cayman Islands funds parked in Singapore
The decision to keep the funds in Singapore is “fishy” if it was meant to circumvent Bank Negara regulations
03/11/2015
HFW continues investment with Partner promotions
Reflecting its international reach and client base, Holman Fenwick Willan has today announced Partner promotions in four of its international offices and in line with its focus on sector specialisation
03/11/2015
Xinhua Insight: China mulls granting broker license to banks
Rumors that the country's securities regulator is moving to loosen restrictions over brokerage business have been circulating since last month.
03/11/2015
Top regulator-nominee calls for tough reform, risk management on household debt
Yim was named by President Park Geun-hye last month to take the helm of the country's top financial authority.
03/10/2015
Bank Negara must investigate Jho Low for money laundering, says DAP
The party's publicity chief Tony Pua said that the complicated money trail involving 1MDB clearly showed that it was meant as a cover up and to legitimise the acquisition of assets using illegitimately acquired funds.
03/10/2015
FSC chairman-nominee negative on Hana-KEB merger
Recent court decision to suspend merger makes regulator reluctant to approve it
03/09/2015
Bank restrictions stoke infra funding fears
There was a concern that some of these reforms may constrict lending to infrastructure
03/09/2015
Hagger defends NAB advice, brushes off independent review
Hagger rejected any comparisons to the Commonwealth Bank's recent advice scandal.
03/08/2015
Hong Kong Police Arrests Suspects Involved in MyCoin Bitcoin Scam
The Hong Kong Police Commercial Crime Bureau (CCB) arrested five suspects that might have been involved in last month’s Bitcoin investment fund scam worth $8 million
03/08/2015
Foreign banks tighten lending rules for China state-backed firms
DBS effectively acknowledges that lenders can no longer take for granted
03/06/2015
NAB to face Senate grilling over advice scandal
He asked: "if ASIC doesn't have the resources to properly investigate these scandals, how will we ever get to the bottom of these problems without a Royal Commission?"
03/06/2015
China's premier pledges private banking expansion
Li Keqiang has called for more private banking licences to be issued, in a speech to the National People's Congress
03/06/2015
China Said to Slash Senior Executive Pay at Top Banks, SOEs
Chairman Jiang Jianqing earned about 2 million yuan in 2013.
03/05/2015
Paying minimal taxes: DGI&IIR begins action against high net worth persons
The person is operating more than fifteen accounts in different commercial banks and owns luxury vehicles including Mercedes, however, he declares negligible taxable income in his tax returns.
03/04/2015
Hogan Lovells Cements Greater China IP Dominance with Lateral Hire Trio
Eugene is likewise an all-rounded IP practitioner with an impressive track record of contentious and advisory work experience
03/02/2015
Upto 7 years jail for hiding stash abroad
There is no amnesty scheme
03/02/2015
Regulators examine explosive claims banks are using illegal super switch bait
Financial regulators are investigating explosive claims banks are offering incentives to employers if they switch their staff default superannuation funds to the big banks' retail funds