singapore regulator unveils review of industry
The Monetary Authority of Singapore has stunned the country’s advisory and insurance industries by announcing a major review that is seen as potentially changing the way financial advice is given to Singapore residents.
hsbc plans to expand Sicav with Indian bond fund
HSBC Global Asset Management is planning to launch a fixed income fund targeting bonds in India.
Tax & Regulation | 26 Mar 12
fsa fines coutts for serious and systemic
Coutts has been fined £8.75m by the Financial Services Authority for anti-money laundering control failings, which the regulator termed “serious, systemic and allowed to persist for almost three years”.
Middle East | 26 Mar 12
warning on email scam impersonating difc gov
The Dubai Financial Services Authority (DFSA) has warned the UAEs financial services industry and members of the public not to be taken in by an email scam which it said impersonated the head of Dubais Financial Centre.
Tax & Regulation | 26 Mar 12
former citi adviser banned for madoff style scheme
The Hong Kong regulator today banned a former private banker at Citigroup Global Markets Asia from the financial services industry for ten years, for operating a ponzi scheme.