12/16/2022
Indonesia expands central bank mandate to support stability, growth
The legislation requires a politician seeking a seat on BI’s board to resign from their political party when they are nominated.
Legal, Regulation & Compliance
12/15/2022
Labuan FSA Awarded The Brandlaureate e-Branding Bestbrands Award For FinTech Islamic Financial Services
The Labuan Islamic Digital Asset Centre or IDAC was unveiled in October 2022
12/14/2022
Malaysia regulator releases sustainable and responsible investment taxonomy
"The SRI Taxonomy adopts a principles-based approach to enhance the standardisation and comparability of sustainable investment assets,” Awang Adek says in a statement on December 13.
12/14/2022
The People's Bank of China will issue Renminbi Bills through the Central Moneymarkets Unit of the Hong Kong Monetary Authority
Please also find attached the tender-related information provided by the Issuing and Lodging Agent through the HKMA.
12/13/2022
MAS and CBIRC enhance strong supervisory ties at the 12th Bilateral Roundtable
Both regulators have also agreed to deepen cooperation in topical areas such as green finance and supervisory technology.
12/12/2022
Fidelity International Receives Operating License in China
Through its wholly foreign-owned enterprise FIL Fund Management, Fidelity will be able to offer onshore investment products and solutions to retail clients and asset management services to institutional clients in China.
12/12/2022
ASIC enforcement and regulatory update July to September 2022
ASIC remains committed to using our full regulatory toolkit to address consumer and investor harms and promote trust and confidence in Australia’s financial system.
12/12/2022
Waning trust: China shadow banks pivot away from property to survive
China's shadow banking industry - worth about $3 trillion, roughly the size of Britain's economy - is scrambling for new business, including direct investment in companies, family offices and asset management.
12/06/2022
APRA releases quarterly authorised deposit-taking institution statistics for September 2022
The risk characteristics of ADIs’ new residential mortgage lending are improving.
12/06/2022
ASIC cancels AFS licence of AFSL Group Pty Ltd
AFSL Group may apply to the Administrative Appeals Tribunal for a review of ASIC’s decision.
12/05/2022
Federal Court upholds ASIC's appeal on John Gilliland
The Court found that the AAT had not considered general deterrence when making its decision.
12/02/2022
Philippines central bank ready to adjust policy settings amid resilient economy
The Philippine economy grew by a stronger-than-expected 7.6 per cent in the third quarter, backed by consumer spending.
12/02/2022
FCA exec endorses cash rewards for fintech innovation
The regulator also has representation in Wales and Northern Ireland.
12/01/2022
Australian banking system cushioned for imminent climate change-related risks - regulator
The study predicted bank losses could be higher from lending to sectors that more exposed to risks associated with transition to a lower emission economy, such as mining, manufacturing and transport.
11/28/2022
UK and Singapore deepen collaboration in FinTech and strengthen financial cooperation
HM Treasury and Monetary Authority of Singapore joint statement on the seventh meeting of the UK-Singapore Financial Dialogue.
11/28/2022
KPMG, Quinlan & Associates Form Strategic Tie-Up
KPMG China has formed a strategic cooperation with Quinlan & Associates
11/28/2022
Neuberger Berman Green-Lighted for China Fund Business
Neuberger Berman first applied to set up a China mutual fund unit in April 2020 before receiving approval to do so from the CSRC in September 2021.
11/24/2022
Advisers must register for FSCP: ASIC
"We've been working on the panel and ensuring its efficient and effective operation as the single disciplinary body for financial advisers," Sciacca said.
11/24/2022
Nearly a third of financial claims involve fraud and scams: Fidrec
The profile of claimants was skewed towards younger adults, with nearly 60 per cent aged 50 and below in FY2021.
11/22/2022
Manulife IM Receives Approval for Takeover of China JV
This will make it the first foreign wealth and asset manager to convert its joint venture into a wholly-owned public fund management company in mainland China.