REGULATION

Rothschild fined €9m over 1MDB failings

Rothschild fined €9m over 1MDB failings

Swiss private bank Edmond de Rothschild has been fined nearly €9m ($10m) by Luxembourg’s financial regulator for its handling of funds reportedly linked to beleaguered sovereign wealth fund 1Malaysia Development Berhad.

Published : 22, Jun 2017
US seeks $1.7bn from 1MDB fund scandal

US seeks $1.7bn from 1MDB fund scandal

The US Department of Justice (DOJ) is working to recover around $1.7bn in assets linked to an international conspiracy to launder funds misappropriated from Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB).

Published : 19, Jun 2017
Singapore fines Credit Suisse and UOB for AML breach

Singapore fines Credit Suisse and UOB for AML...

The Monetary Authority of Singapore (Mas) has fined Credit Suisse and United Overseas Bank (UOB) and issued prohibition orders against three people following a two-year investigation into scandal-plagued wealth fund 1Malaysia Development Berhad.

Published : 31, May 2017
China sets up fund industry courtroom

China sets up fund industry courtroom

China’s first court specialised in judging cases involving the fund industry is aimed at tighter scrutiny of the financial industry.

Published : 16, May 2017
HK puts China's AM applications on watch

HK puts China's AM applications on watch

"Responsible officers" listed on an increasing number of mainland asset management firm applications will get tougher scrutiny from the Hong Kong’s Securities and Futures Commission, according to Julia Leung, the SFC’s executive director for intermediaries.

Published : 16, May 2017
Hong Kong and UK sign fintech agreement

Hong Kong and UK sign fintech agreement

The Hong Kong Securities and Futures Commission (SFC) and the UK's Financial Conduct Authority have entered into a co-operation agreement to support fintech innovation.

Published : 15, May 2017
HK proposes new security guidelines for online trading

HK proposes new security guidelines for online...

Hong Kong’s Securities and Futures Commission (SFC) is proposing new cyber security control practices to reduce and mitigate hacking risks associated with internet trading.

Published : 9, May 2017
Taiwan to allow local PE funds

Taiwan to allow local PE funds

Taiwan is expected to allow local fund managers to set up private equity funds, according to Jeff Chang, chairman of Taiwan’s Securities Investment Trust and Consulting Association (Sitca).

Published : 27, Apr 2017
China’s de-risking push may signal big changes

China’s de-risking push may signal big changes...

The Chinese government’s warning on financial risk this week has put pressure on the country’s equity and bonds markets.

Published : 27, Apr 2017
HK fines Coutts HK$7m for AML breaches

HK fines Coutts HK$7m for AML breaches

The Hong Kong branch of Coutts has been fined by the Hong Kong Monetary Authority (HKMA) for failing in its anti-money laundering (AML) and counter terrorist financing (CTF) checks.

Published : 12, Apr 2017

Events

FSA Income Forums -- Singapore & Hong Kong 2017

Singapore, Tuesday 21 February

Hong Kong, Thursday 23 February

OTHER STORIES FROM LAST WORD...