03/08/2021
HKEX Sets Launch Date for Phase Two VCM Enhancements
As proposed in August 2019 and finalised in December 2019, the second phase enhancement will allow multiple triggers of the VCM per applicable security in the same trading session.
Legal, Regulation & Compliance
03/08/2021
CCB Group Enjoys Strong MObile, Online Banking Growth Driven By Fintech
CCB Malaysia chief executive officer Felix Feng Qi, who is also CCB Labuan principal officer, said since 2019, the group had emphasised the importance of technology transformation.
03/08/2021
DBS Cuts CEO Payout
According to Gupta, 2020 was an «inflection point» from three key perspectives that will have future implications for the bank: accelerated digital adoption, work transformation and sustainability.
03/05/2021
ASIC commences civil penalty proceedings against Statewide Superannuation for misleading or deceptive correspondence
ASIC also alleges Statewide failed in its breach reporting obligation to report these breaches to ASIC within 10 business days.
03/05/2021
Thailand mulls higher government contributions to NSF, raising age limit, report says
The government matches 50% of contributions by those aged between 15 and 30 years, capped at 600 baht a year, and 80% by those in the 31-50 age bracket, up to a maximum 960 baht.
03/05/2021
HKMA Extends Principal Payment Holiday Scheme Again
Banks can consider on a case-by-case basis whether other forms of relief are more suitable to help these customers ride out their current difficulties, subject to prudent risk management principles, the HKMA said.
03/05/2021
Tokyo Exchange Obtains ESMA Recognition Under BMR
The TSE has said in a statement that it has received recognition for its benchmarks and that these have now been entered into ESMA’s public register.
03/05/2021
Former NSW financial adviser charged with dishonest conduct and fabricating evidence
Mr Nesseim previously ran the financial services business Smart Financial Strategies.
03/05/2021
APRA releases general insurance statistics for December 2020
Industry reported a net profit after tax of $35 million and return on net assets of 0.1 per cent during the year ended 31 December 2020.
03/05/2021
Hong Kong police, stock regulator freeze HK$900 million, arrest 12 in joint crackdown on ‘ramp and dump’ investment scam
The first-ever joint operation saw 27 locations raided by more than 160 law enforcers and staff from the Securities and Futures Commission
03/04/2021
Philippine banks' bad loans swell far faster than ASEAN peers'
Southeast Asian lenders face worsening asset quality and profitability on COVID
03/04/2021
ASIC Charges Former Apogee Financial Adviser for Deception
ASIC also alleges between August 2017 and October 2017, Saad attempted to obtain a further AUD 92,400 on behalf of 10 of his clients.
03/04/2021
Japan FSA Set to Revise Corporate Governance Code
The code was first published in March 2015 as part of efforts by former prime minister Shinzo Abe to raise the focus on shareholders’ interests at Japanese companies.
03/04/2021
Managing the risks of remote working in financial institutions
The Paper looks at possible risks to FIs in the areas of operations, technology and information security, fraud and staff misconduct, and legal and regulatory risks.
03/03/2021
ABA Bank picks Alessa for AML compliance
Alessa is trusted by financial institutions to meet their compliance and fraud prevention needs.
03/03/2021
MAS, banks association issue paper on mitigating remote working risks
MAS said financial institutions are advised to benchmark their remote working controls against the examples in the paper.
03/03/2021
FSB Urges Indonesia to Further Advance OTC Derivatives Reforms
The review finds that the Indonesian authorities have made some progress in implementing OTC derivatives reforms, while focusing on developing their domestic derivatives market.
03/03/2021
Monetary Authority of Singapore issues guidance on remote working
MAS encourages FIs to benchmark their remote working controls against the examples in the Paper.
03/03/2021
Baker McKenzie wins 2020 Global PERE Awards for Law Firm of the Year in Asia
"We are thrilled to be named Asia Law Firm of the Year in both the 'Fund Formation' and 'Transactions' categories."
03/03/2021
Appleby Advises in Structured Deal for India Green Power Holdings
The Company will provide financing for renewable power projects that will generate and provide clean power in India in a sustainable manner and support the communities where its projects are located.