

Hong Kong does not need new virtual banks – HKMA
The Hong Kong Monetary Authority (HKMA) sees no need for new players in the city’s virtual banking sector and has launched a one-month...
Aug 8, 2024


Taiwan’s financial regulator cautions banks on China operations
Taiwan’s financial regulator has warned bank employees in China to be cautious of their remarks following Beijing’s expansion of laws...
Aug 7, 2024


HKMA initiates banking system overhaul
The HKMA will allow deposit-taking companies (DTCs) to roll over their deposits upon conversion to restricted licensed banks. DTCs, the...
Aug 7, 2024


Chinese regulators push state firms to drop PwC as auditor
Chinese regulators have asked several large state-owned clients of PricewaterhouseCoopers (PwC) to drop the auditor due to its work for...
Aug 6, 2024


Singapore regulator bans asset management firm’s ex-CEO for two years
The Monetary Authority of Singapore (MAS) has issued a two-year prohibition order against Sun Quan, the executive director and former CEO...
Aug 2, 2024


Global accounting body pushes for better climate reporting
A global accounting body proposed guidance for companies to better show the impact of climate change on their financial performance,...
Aug 1, 2024


Liquidators appointed for Tahoe Life following regulatory probe
Several liquidators from Deloitte have been appointed for Tahoe Life, a Chinese-controlled insurer, following regulatory investigations...
Jul 31, 2024


Investors welcome South Korea’s inheritance tax reduction
South Korea’s plan to lower its inheritance tax for the first time since 1995 could stimulate the economy and stocks, say investors. The...
Jul 30, 2024


China expands and simplifies foreign investment regulations
China’s central bank and the State Administration of Foreign Exchange have updated the rules for the Qualified Foreign Institutional...
Jul 29, 2024


Indonesia proposes Singapore-style arbitration to attract investors
Indonesia’s Coordinating Maritime Affairs and Investment Minister, Luhut Pandjaitan, has proposed adopting arbitration rules similar to...
Jul 26, 2024


MAS proposes standardised financial rules for all REITs
The Monetary Authority of Singapore (MAS) has released a consultation paper proposing new financial regulations for all Real Estate...
Jul 26, 2024


South Korea detains tech mogul Brian Kim over stock-rigging
South Korean authorities have arrested Kakao Corp founder Brian Kim for alleged market manipulation, marking a significant legal...
Jul 24, 2024


Malaysia’s pension fund launches new stewardship policy
The Employees Provident Fund (EPF) of Malaysia has introduced the EPF Sustainable Investment Stewardship Policy, marking its position as...
Jul 19, 2024


South Korea crypto exchanges boost regulations ahead of new law
South Korean cryptocurrency exchange operators are tightening regulations ahead of the Virtual Asset User Protection Law, effective this...
Jul 18, 2024


Philippines central bank conducts 11 anti-counterfeiting operations in 2023
In 2023, the Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, ramped up its anti-counterfeiting measures,...
Jul 12, 2024


HK regulator clears PwC of whistleblower allegations
Hong Kong’s Accounting and Financial Reporting Council (AFRC) found no evidence supporting whistleblower allegations against PwC related...
Jul 12, 2024


Philippines unlikely to exit global grey money watchlist this year
The Philippines is not expected to be removed from the global grey money watchlist this year, according to Bangko Sentral ng Pilipinas...
Jul 10, 2024


HSBC penalised over pension scheme violations in HK
Hong Kong’s pensions regulator has fined HSBC HKD24m (about USD3.1m) for offering incentives to unregistered intermediaries. The...
Jul 10, 2024


Thailand’s SCB X prepares for virtual banking licence
SCB X, an affiliate of Siam Commercial Bank, is set to apply for a virtual banking licence from the Bank of Thailand in September,...
Jul 10, 2024


Vietnam to announce final draft for stock market upgrade
The Ministry of Finance in Vietnam is set to release the final draft of a circular aimed at upgrading the country’s stock market and...
Jul 9, 2024

