04/02/2015
Milford Asset Management suspended from Super Fund
The New Zealand Superannuation Fund has suspended Milford Asset Management's $281 million active equities mandate until a Financial Markets Authority investigation
Legal, Regulation & Compliance
04/02/2015
China official warns over implied product guarantees
The only way to sustain China’s booming asset management industry is to ensure new product sales avoid implying returns are risk-free
04/02/2015
Japan banks oppose toughen rules for interest rate risk
Japanese banks will oppose a push by global regulators to toughen rules on the capital lenders to withstand an increase in interest rates
04/01/2015
Global law firm Hogan Lovells the latest on Australian soil in pursuit of Asian growth
The firm has watched the Australian market, waiting for the right opportunity
04/01/2015
FSC hails register a step towards profession status
The Financial Services Council welcomed the ASIC national register of advisers.
04/01/2015
ASIC bans Commonwealth Financial Planning employee
ASIC has banned Commonwealth Financial Planning employee Rebecca Locksley from providing financial services for 18 months, after finding she created false documents for client files.
04/01/2015
China Relaxes Offshore Investment for Insurance Funds
China's insurance regulator said that it would relax controls on offshore stock and bond investments by domestic insurers.
03/31/2015
Backlash against plan to dump dividend imputation system
Fund managers have slammed a potential push to scrap or scale back Australia’s dividend imputation system, saying it would send Australia back to ‘‘banana republic days’’ and fuel corporate waste.
03/31/2015
ICBC, Citic, PICC agree: regulate asset management
China's asset management free-for-all harbours risks which need to be tackled with new rules
03/31/2015
FSC approves establishment of financial security agency
It will break down information barriers among the sectors and integrate their information sharing and analysis functions
03/31/2015
BoE stress tests to focus on Asia and the eurozone
This year’s test includes shocks such as a contraction of more than 2 per cent in the eurozone economy
03/31/2015
New Afghanistan banking law may jump-start Islamic finance
Afghanistan could have a new banking law approved by parliament in a few months including provisions for Islamic products
03/31/2015
Lawyer charged with conspiracy to cheat bank of mortgage loans
A lawyer was hauled to court on Tuesday for his role in a housing loan scam
03/31/2015
New Basel Capital Rule Would Hurt Economy, Japanese Banker Says
Basel committee drafting rule meant to protect banks from interest-rate risk
03/30/2015
Chinese mutual funds approved to buy HK shares on Stock Connect
Chinese mutual funds have been given permission to buy Hong Konglisted shares through Stock Connect without the need of a QDII licence. The move is seen as a bid to boost northbound trades through the crossborder link.
03/30/2015
Dongkuk Steel under probe for embezzlement, tax evasion
Prosecutors have launched an investigation into one of South Korea’s top steelmakers, Dongkuk Steel Mill Co., over allegations of large-scale embezzlement and tax evasion
03/30/2015
Appleby Promotes Hong Kong Attorneys to Counsel
We are proud to be able to promote a group of individuals who are some of the best lawyers in the offshore market. Their ability to provide first-rate responsive services and counsel to our clients across time-zones means that Appleby continues to thrive
03/30/2015
Central bank on alert over deflation risk
Central bank governor Zhou Xiaochuan warned yesterday the country needs to be vigilant for signs of deflation
03/30/2015
China Agrees to Delay Implementing Bank Technology Rules
U.S. still pushing for China to suspend the rules, a senior U.S. Treasury official informs reporters
03/30/2015
Sebi proposes new fund-raising platform for startups
To help start-ups and young entrepreneurs raise funds, Sebi today proposed an 'Alternate Capital Raising Platform', wherein such firms can raise money from institutions and HNIs from the capital markets under a relaxed regulatory regime.