03/06/2019
ANU Climate Update
Climate change is an issue of increasing importance in our financial markets and of course in our community more generally.
Legal, Regulation & Compliance
03/06/2019
Schroders and Hermes press HSBC to drop coal completely
They argue the bank should fall into line with peers such as Barclays and Standard Chartered
03/06/2019
US-based network buys Australian ultra-high-net-worth firm with Clarendon’s help
The shareholders have built a market-leading wealth management business and this transaction provides them with an opportunity to partially sell down their interest in the business and partner with a world leader in the financial management space,”
03/05/2019
BSP wants power over banking units of conglomerates
The power to exercise supervisory functions over conglomerates is crucial in achieving the central bank’s mandate of financial stability, Capule said
03/05/2019
Union Bancaire Privée obtains wholesale bank license in Singapore
The new license will allow UBP Singapore to offer Singapore dollar services
03/05/2019
Fusang Group receives securities exchange licence in Labuan
Running similarly to traditional securities exchanges around the world, Fusang Exchange will run a network of licensed and regulated exchange members who will be allowed to trade directly on the platform.
03/05/2019
Financial advisers prepare High Court fighting fund
The Association of Independently Owned Financial Professionals is seeking to levy its 10,000 members to create a fighting fund and have the changes declared unconstitutional.
03/05/2019
KPMG brings remediation regtech to Australia
Technology could prove useful for wealth managers facing huge remediation costs
03/05/2019
GDPR: Asian banks streamline operations to ease compliance
By some estimates, under 12% of Asia Pacific-based firms were fully ready for GDPR last May.
03/05/2019
FBR launches action in 1,199 cases of offshore assets Collects 6.554b
The FBR has established offshore taxation Commissionerate for quick scrutiny of the cases of foreign assets of the Pakistanis and jurisdictions of all 1,199 cases were transferred to this newly established Commissionerate.
03/04/2019
The dangerous silver spoon generation
Many of these parents will marry again, perhaps adding new children to the marriage, creating a blended family.
03/04/2019
Foreigners working in PH must pay taxes: DOF
Under Revenue Memorandum Circular (RMC) No. 78-2018, all foreign and Philippine-based gaming operators, including those with offshore licenses, are now required to register with the BIR
03/04/2019
Wealth products become key investor in China's financial market
Almost 70 percent of the funds raised through wealth management products are invested in bonds, deposits and money market instruments.
03/01/2019
Qatar, China, Japan sought 'extras' after Barclays 2008 fundraising: court
Former CEO John Varley and some of his most senior former colleagues - Roger Jenkins, Tom Kalaris and Richard Boath - are charged with conspiracy to commit fraud by false representation
03/01/2019
The UAE and Singapore: two countries with a lot in common
The two countries share a reputation for safety, luxury and also have the same electrical sockets
03/01/2019
Hong Kong’s New Unified Tax Exemption for Onshore and Offshore Privately-Offered Funds K&L Gates
This new regime is not only relevant to onshore funds currently subject to Hong Kong profits tax, but also provides offshore funds subject to Hong Kong profits tax with more flexibility in their investment policies.
03/01/2019
Philippine pension fund SSS to double foreign investment to 15%, report says
This will allow the fund to “diversify its portfolio and boost its revenue”, Mr. Dooc says in the February 6 report published on the PhilStar Global website.
03/01/2019
The Asian Banking and Finance Sector; 2019 and beyond [Brought to you by Appleby]
China has recently introduced a series of cybersecurity and data protection regimes which can and will affect the operation of the banking and finance sector.
03/01/2019
Shearman establishes presence in South Korea
They will also work closely with lawyers based in other offices including on Korea-related arbitration, antitrust and funds matters.
03/01/2019
MUFG Bank to end over-the-counter int'l cash transfer to combat crime
MUFG Bank will also ask more detailed questions when a customer opens a new account, such as the purpose of doing so, the sources said.