Singapore

Asia | 24 May 16

In the “worst case of control lapses and gross misconduct seen in the Singapore financial sector” Switzerland-headquartered BSI Bank is to be shut down, with six former and current members of staff referred to the public prosecutor, the first such move by the Monetary Authority of Singapore (MAS) since 1984.

Asia | 23 May 16

The Monetary Authority of Singapore said V Wealth Capital Pte can no longer conduct its fund management business in Singapore after failing to comply with a number of rules.

Asia | 20 May 16

Corporate bond issuers in Singapore will find it easier and cheaper to tap into the retail market after the country’s monetary authority (MAS) introduced two new regulations that will open up corporate bond offerings to retail investors.

Asia | 16 May 16

The Indian government is set to impose a capital gains tax (CGT) on investments coming from Mauritius in bid to tackle tax evasion.

Asia | 13 May 16

Singapore’s monetary authority and the UK’s Financial Conduct Authority have agreed to cooperate to promote cross-border financial technology development.