BSP allows foreigners as bank directors, officers

Before the circular was issued, BSP Deputy Governor Chuchi Fonacier said in a text message non-Filipino citizens were only allowed to be directors of financial institutions to the extent of their foreign equity.


SGX, UOB Sign Pact to Help Chinese Firms Expand Across ASEAN

Under the new MOU, more than 180,000 Chinese enterprises under CCOIC can benefit from UOB’s banking expertise and integrated ASEAN network, as well as from SGX’s trusted capital market infrastructure and deep liquidity to venture into Singapor


Rush of advisers sign up before FASEA deadline

Eighty percent of the new licences went to non-institutional financial advisers, bringing the total number of registered advisers to 27,211, Rainmaker's Advantage report read


IOOF breaches APRA licence conditions

According to an independent reviewer - engaged by IOOF - reporting on the firm's progress, the firm has so far failed to set up an Office of the Superannuation Trustee.