All posts tagged "Wealth Management"
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165ChinaCBIRC Penalises State-owned Financial Institutions and Subsidiaries
ICBC, China Development Bank, Great Wall, and Postal Savings Bank and a number of their subsidiaries were penalised almost 200mn yuan for various regulatory violations.
January 11, 2021 -
217AML / KYCPBOC Revises AML Rules to Enhance Supervisory Scope
With continuous innovation in the financial sector and the emergence of new types of financial businesses, it is necessary to improve the scope of AML supervision, the PBOC says.
January 2, 2021 -
261ChinaChinese Regulators Order Ant Group to Reorganise Business
Ant Group is directed to refocus on its payments business and correct regulatory violations in its credit, insurance, wealth management and asset securitisation businesses.
December 31, 2020 -
236EnforcementTaiwan Addresses Bank Misconduct With Higher Penalties: Fitch
Banks are expected to work to strengthen their risk controls, particularly around wealth management to avoid penalties and preserve their corporate governance rankings.
December 18, 2020 -
159ChinaSAFE Keeps With Pledge to Grant Additional QDII Quotas
SAFE pledged to grant additional quotas quarterly. Since September, $12.72bn worth of QDII quotas have been granted to 71 institutions.
December 4, 2020 -
221Market InfrastructureSingapore Launches Initiative to Groom Future Private Bankers
Private banks aim to offer 200 undergraduate traineeship positions over the next three years, benefitting from the Work-Study Support Programme recently launched by MAS.
December 3, 2020 -
851MalaysiaSC Malaysia Launches New Framework for Islamic Funds
The framework looks to boost Islamic finance with a wide offering of products that are linked to socially impactful activities through waqf features.
November 13, 2020 -
926ChinaChina Explores Rule Relaxations to Facilitate Cross-Border Investment
China's regulators are working to further relax restrictions on cross-border investment and create new channels for domestic and foreign investors alike.
October 28, 2020 -
594China
China to Issue Additional Quotas for Outbound Investment via QDII
The move, estimated to release quotas by $2-3bn per quarter, is being called one of the biggest relaxations in capital controls in recent years.
October 27, 2020 -
1.4KAML / KYCMAS Bans Former BSI Banker Over 1MDB ‘Secret Profits’
The former banker received about $5mn in fund management fees in an entity he beneficially owned, at the expense of and without the knowledge of BSI Bank.
October 23, 2020
