11/08/2022
HashKey Capital Secures In-Principle Approval CMS License
The company was also granted an uplift of its Type 9 licence for asset management in Hong Kong in September, enabling the company to manage a portfolio of 100% virtual assets.
Legal, Regulation & Compliance
11/04/2022
ASIC Annual Forum 2022: New directions for the boardroom
International developments impact financial stability here in Australia.
11/02/2022
MOF and MAS Launch Process to Digitalise Banker’s Guarantees and Insurance Bonds
“This is a win for both financial institutions and their customers. eGuarantee@Gov facilitates greater efficiency in processing guarantees and reduces the operational risks associated with manual paper-based workflows.”
10/28/2022
Bank of Japan to keep ultra-low interest rates, defy global tightening trend
The nine-member board is likely to cut its growth forecasts for this year and next, the sources said, as the fallout from global monetary tightening and China’s sharp slowdown weigh on Japan’s export-reliant economy.
10/28/2022
HKMA Designates Nine CNH Primary Liquidity Providers
The HKMA has reviewed the performance of these nine PLPs in the past two years, and considers that they are all active participants in the CNH market, and have been performing their PLP roles effectively.
10/26/2022
Victory Securities is actively expanding its global wealth management business
Data shows that Victory Securities' Asset Under Management (AUM) has grown every year, with a growth rate of over 41% in a period of four years.
10/21/2022
Tender results of the re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme
A total of HK$0.6 billion 3-year Government Bonds were offered today and the same nominal amount of another Government Bond issue number 15GB3603 was early redeemed.
10/21/2022
Nordea Asset Management seeking licence to open investment hub in Singapore
The €248bn ($243bn) Nordic money manager is in the final stages of applying for a fund management licence with MAS, hoping to open shop in 2023.
10/20/2022
Thailand BOI Approves New 5-Year Investment Promotion Strategy
The board also acknowledged the investment pledges filed during the first nine months of 2022.
10/19/2022
Malaysia securities regulator suspends licence of Interpac’s top official for six months
Nazri joined Interpac as chief executive officer in 2019.
10/19/2022
Talent Flow Reversal in Focus for Hong Kong Policy Address
A dedicated office to attract business and talent has also been set up.
10/18/2022
EU Sanctions Hit HSBC’s Russian Customers in Hong Kong
An exception applies for those who also hold residency rights or are a nationals of a European Union member state.
10/18/2022
Court finds Austal and former CEO breached continuous disclosure laws
Austal shares totalling $23 million were traded between 16 June and 30 June 2016.
10/17/2022
Singapore Central Bank Tightens Policy Again
Inflation is expected to remain high in most of Singapore’s key trading partners in the near term, while global growth moderates.
10/14/2022
Bank of Japan’s Kuroda brushes aside chance of interest rate hike
Japan’s economy is emerging from the Covid-19 pandemic’s wounds but the pace of recovery is slow compared with countries like the United States
10/14/2022
China’s central bank governor says policy measures will be stepped up to boost economy
He also said the central bank will support financial institutions to issue equipment upgrade loans to key sectors, including the manufacturing sector.
10/14/2022
Frontier promotes three
Jenny Li and Brad Purkis are now consultants.
10/13/2022
IMF stands by BOJ governor Kuroda’s rock solid easing stance
The Japanese currency is trading well below the level that triggered a direct market intervention from the government last month, heightening focus on whether Japan may step into the market again.
10/11/2022
MAS Bans Ex-BSI Banker Over Unreported 1MDB Transactions
The investigation focuses on his role in dealings with the BSIS unit and relationships with 1MDB subsidiaries as well as Aabar Investments PJS Limited, ostensibly a subsidiary of Abu Dhabi-based Aabar Investments PJS.
10/10/2022
CIFAA appeals to members with PI reduction
This was compounded by the fact that overseas insurers could be reluctant to insure Australian advisers as they were deterred by actions prior to the Hayne Royal Commission.