REGULATION

HK regulator inks cooperation pact with UK

HK regulator inks cooperation pact with UK

The Securities and Futures Commission signed an agreement with the UK's Financial Conduct Authority (FCA) to strengthen cross-border regulatory cooperation.

Published : 21, Jul 2017
MAS steps up rule enforcement

MAS steps up rule enforcement

The Monetary Authority of Singapore (MAS) will be sending mystery shoppers to financial advisers as part of its efforts to boost enforcement, according to Merlyn Ee, the regulator’s executive director for capital markets intermediaries.

Published : 7, Jul 2017
China again delays tax on asset managers

China again delays tax on asset managers

China has cut and again pushed back plans to levy a value-added tax on asset managers for returns on assets under management, adding a further six-month reprieve on an already 14-month grace period.

Published : 6, Jul 2017
Singapore prefers public shame, not fines

Singapore prefers public shame, not fines

Singapore’s decision not to impose the same hefty fines on banks linked to 1MDB as other countries, but to instead name and punish individuals responsible, is a strong deterrent, said Ravi Menon, managing director of the city-state’s financial regulator.

Published : 4, Jul 2017
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

Events

FSA Income Forums -- Singapore & Hong Kong 2017

Singapore, Tuesday 21 February

Hong Kong, Thursday 23 February

OTHER STORIES FROM LAST WORD...