07/15/2014
CSRC says it will strengthen supervision on whether public mutual funds have operated in accordance to regulations, and on enforcing compliance and implementation to protect the interest of investors.
07/15/2014
It is also proposing that firms do a formal risk assessment of the money laundering risks they face as an institution and to take steps to mitigate them.
07/15/2014
The RBI also said that the time period for receipt of the balance consideration within 12 months shall not be insisted upon
07/15/2014
The Government inquiry investigating regulation of Australia’s financial services industry has shied away from proposing strong regulatory action on virtual currencies and mobile wallets, suggesting a “graduated” regulation framework.
07/15/2014
They warn, however, that being overly nationalistic could deter much-needed foreign capital investment in the banking sector.
07/14/2014
RBI rule on provisioning for likely losses due to unhedged forex exposure of corporate clients may hurt banks
07/14/2014
Lawsuit Targets Decheng Mining Owner Chen Jihong
07/13/2014
Liquidator Said Jahani, of Grant Thornton, said he wanted to talk to Mr Williams and Mr Terrill.
07/13/2014
China syndrome may hit Standard Bank
Wayne McCurrie, who heads Momentum Wealth, said this was “not a disastrous situation” for the bank by any means.
07/11/2014
In total it owns 16 power and desalination plants in six countries
07/11/2014
The bank had issued a statement on Wednesday clarified that "Youhuitong" was an experimental new service that was approved by regulators before it was introduced to the market in 2011.
07/11/2014
The Commonwealth Bank can’t be accused of appointing an unknown quantity to head the sweeping review of its wealth management unit’s compo process.
07/11/2014
CBD was pleased to discover a group that is trying to get serious about ethics in the banking and finance sector.
07/10/2014
This kind of practice often results in abnormal fluctuations in stock prices
07/10/2014
The Chinese group’s Hong Kong securities unit has been reprimanded and fined close to $1 million for internal control failures.
07/10/2014
At least six banks in Germany, France, Italy or Japan are among the institutions that could face fines or forfeitures for processing transactions linked to countries that the U.S. has designated as rogue nations, financial filings show.
07/10/2014
Legal experts say that foreign banks are no way obliged to part with information of their clients unless there has been a breach of law and a communique comes from the government where the bank is based or headquartered.
07/09/2014
Back-stabbing competition was the normal standard for the offshore IFA universe
07/09/2014
Hong Kong's securities watchdog has warned investment bankers they need to provide "meaningful disclosure" for initial public offerings
07/08/2014
Western central banks ditching specific forward guidance