All posts tagged "Wealth Management"
-
295Fintech / RegtechRBI Unveils Draft Framework for Regulatory Sandbox
The framework details a comprehensive selection process to identify 10-12 entities to participate in the sandbox, including a 5 million rupee minimum net worth requirement.
April 19, 2019 -
666ChinaChina Regulators Share Common Message of Opening Up
Regulators at the three-day China Development Forum in Beijing had a common message for the market – that China plans to ramp up efforts to open up the financial sector this year.
March 27, 2019 -
598Big PictureUOB, OCBC, DBS to Face Challenging Year Ahead – Moody’s
Singapore's three largest banks will face greater asset risks and stagnation of net interest margins in 2019, making it a difficult year ahead for profitability, according to Moody's Investors Service.
February 26, 2019 -
743ChinaHKMA, PBOC Collaborate on Cross Border Financial Services – Report
As part of a plan to develop the Greater Bay Area, the HKMA and PBOC are reportedly planning to work together on the introduction of cross-border mobile payments and other financial services.
February 20, 2019 -
485ChinaCBIRC Green-Lights a Fifth Bank’s Wealth Management Subsidiary
ICBC has become the 5th bank to receive approval to set up a wealth management subsidiary, through which it can channel WMP funds into the stock market.
February 18, 2019 -
605Australia & NZNAB Chief Steps Down Amid Royal Commission Criticism
Commissioner Hayne said in his Final Report that NAB “stands apart” from the other major banks and questioned whether its senior leadership was capable of reforming the bank’s culture.
February 8, 2019 -
358AML / KYCChinese Supreme Court Directs Police on Illegal Fundraising Crackdown
Police officers found to be negligent in enforcing against illegal fundraising through online channels could face criminal charges.
January 31, 2019 -
1.0KChinaUPDATED – China’s Asset Management Sector Set for Shake-Up
Up to 22 banks have announced plans to set up new wealth management subsidiaries which could end up taking market share from asset management firms.
December 28, 2018 -
418ChinaCBIRC Issues Rules for Banks on Wealth Management Subsidiaries
Wealth management subsidiaries set up by commercial banks can directly invest funds from wealth management products into the stock market.
December 4, 2018 -
335China
China Publishes Draft Rules on Bank WMP Business
New rules are designed to standardise the sector including by strengthening supervision, preventing shadow banking risks, improving leverage controls and protecting investors' interests.
July 23, 2018
