12/04/2014
ANZ admits misleading conduct, settles for $18.5m
Farmers to decide whether to accept payout after bank admits misleading conduct over interest rate swaps
Legal, Regulation & Compliance
12/04/2014
China shadow bank collapse exposes grey-market lending risk
A financial system in which the government refuses to tolerate defaults has also encouraged moral hazard among investors by creating an expectation that even risky credit carries an implicit guarantee.
12/04/2014
China banks' wealth management products given bond, stock market entry
China will allow wealth management products sold by its commercial banks to enter the domestic bond and stock markets, in a move to encourage direct investment through these products instead of through trust companies,
12/04/2014
Standard Chartered Bank kicks off panel review
The current review is understood to be following a similar timeline, with a new roster expected to be in place in early 2015.
12/03/2014
Leading independent Australian law firm national expansion continues into the Northern Territory
The partners, lawyers and support staff of Cridlands MB will join HWL Ebsworth to form the firm's new Darwin and Alice Springs offices.
12/02/2014
MAS raps HSBC for breaching Financial Advisers Act
Under the section, a principal cannot allow any individual to provide any type of financial advisory service on its behalf, unless the individual is an appointed representative or provisional representative in respect of that type of financial advisory se
12/01/2014
New Zealand: Finance law reform now puts focus on investors
Simplified offer documents part of overhaul aimed at boosting literacy and confidence
12/01/2014
New battle looms as Treasury waters down financial adviser register
A month after the Abbott government unveiled details of a national public register to track financial planners amid a crisis of confidence following a series of scandals
12/01/2014
China launches draft rules for insurance of bank deposits
China yesterday issued draft regulations to introduce a bank deposit insurance system for the first time, the latest in a series of steps to fully liberalise interest rates and allow banks to compete on a wholly commercial basis.
11/28/2014
MAS lays out risks for Singapore private debt
But central bank stress tests show they do not pose systemic danger
11/28/2014
Standard Life reviews products, distribution
The process, prompted by new rules, may see the UK insurer cutting or consolidating the number of funds on its platform.
11/28/2014
Bank regulator concerned about housing market overheating
Australia's bank regulator is eyeing a jump in the number of owner occupiers taking out interest-only loans, as it mulls action to stop the housing market from overheating.
11/28/2014
New RBI guidelines: India Post’s long wait to become a bank may be finally over
The final guidelines on differentiated banks, spelled out by the Reserve Bank of India on Thursday, has paved the way for India’s postal department to fulfill its long-cherished dream of wearing the hat of a banker.
11/28/2014
China deposit insurance scheme in the offing
China's deposit insurance scheme is expected to use practices commonly adopted in other nations, such as limited compensation for depositors and differential insurance premium rates for commercial banks.
11/27/2014
Financial planning industry welcomes FoFA compromise deal
The financial advice industry has breathed a collective sigh of relief at the Coalition's deal with Labor to permit the grandfathering of adviser commissions.
11/27/2014
New Securities Law Exemptions and Guidance for Employee Incentive Plans in Australia
On 31 October 2014, the Australian Securities and Investment Commission issued two new Class Order exemptions as well as an updated regulatory guide on employee incentive plans.
11/27/2014
Was China ready to bail out AIG?
Was China’s sovereign wealth fund poised to save U.S. taxpayers from the risk they took in bailing out American International Group Inc but then-Treasury Secretary Henry Paulson rebuffed the Chinese help?
11/27/2014
Herbert Smith Freehills advises underwriters on Hong Kong Aviation Limited RMB800 million dim sum bond offering
Herbert Smith Freehills has advised underwriters on the RMB800 million dim sum bond offering by Hong Kong Aviation Limited, a wholly-owned subsidiary of Hong Kong Airlines International Holdings Limited.
11/27/2014
Shariah risk rules seen lifting Indonesia banks
The rules are more specifically tailored for Islamic banks
11/27/2014
CNH Tracker-Hong Kong banks cut yuan deposit rates as stock connect disappoints
Some Hong Kong banks have started to cut yuan deposit rates in the wake of the launch of a long-awaited "stock connect" scheme that attracted only muted interest and less-than-expected demand for the Chinese currency.