03/29/2019
Renminbi’s tale of two halves and the banks that made a difference
The Asset reveals those banks providing the best renminbi solutions as its internationalization gathers momentum
Legal, Regulation & Compliance
03/29/2019
BVI’s place in the corporate/M&A landscape of SE Asia
A significant increase on new incorporation numbers for the first three quarters of the two previous years.
03/28/2019
Citigroup Faces $1.2m Fine in Japan over Alleged JGB Manipulation
Based on its findings, the SESC made a recommendation to the Prime Minister and the FSA (Financial Services Agency) commissioner that an administrative monetary penalty payment order should be issued in regard to the alleged market manipulation.
03/28/2019
What you need to know about Hong Kong’s new fund management regulations
Changes have been made to bring the existing regulations of fund managers in Hong Kong in-line with the recommendations of the International Organization of Securities Commissions (IOSCO) and the Financial Stability Board (FSB).
03/28/2019
Some Singapore employees may be criminally liable: Wirecard
German payments firm releases summary amid ongoing internal probe by law firm
03/28/2019
China pledges to 'sharply' expand financial market opening as trade talks loom
China has pledged to further open its massive financial markets to foreign investors since last year amid a simmering trade war with the United States
03/27/2019
India to auction fugitive billionaire’s art collection
After a court order allowing the auction to take place, tax authorities, who are pursuing Modi over the country’s largest bank fraud, appointed professional auction house Saffronart.
03/26/2019
Re Dai Guoliang 2019 HKCFI 597 – A Tool to Bear in Mind in the Asset Recovery Toolbox
There is no dispute over the existence of the debt
03/26/2019
France to seal deals with China but challenge on Belt and Road project
Xi arrived in France after visiting Italy, the first Western power to endorse China's ambitious Belt and Road Initiative as Rome tries to revive its struggling economy.
03/26/2019
China’s growing presence in the Gulf
For the Gulf monarchies, dense relations with extra-regional powers are an important pillar of their foreign and security policies.
03/25/2019
China central bank head says country to step up oversight of systemically important financial firms
China has repeatedly vowed to improve market access for foreign investors
03/25/2019
China Has a Lot of Financial Opening Up to Do, Says Central Bank
Officials made repeated pledges at the China Development Forum over the weekend to open up more of the economy to foreign companies and ensure a level playing field with domestic firms.
03/24/2019
Banks who fell for IPO fictions get record fines, but punishment offers little deterrent
As a result, face to face interviews and on-site visits have long been the norm.
03/22/2019
MAS Details Enforcement Outcomes, Priorities in Inaugural Report
The report will be published every 18 months.
03/22/2019
Former CBA adviser banned for life in Australia
Ms Wilmott has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC’s decision.
03/22/2019
ASIC obtains interim injunctions against Forex Capital Trading
The matter is next before the court on Monday 20 May 2019.
03/22/2019
Yellow Brick Road writes down intangible assets
As outlined in ASIC media release 18-364MR Major financial reporting changes and other focuses
03/22/2019
HKMA Welcomes a Hong Kong Bank Launching Remote Onboarding Service for Opening Mainland Bank Accounts
As more and more Hong Kong people work and reside in the Mainland cities of the Greater Bay Area, we attach great importance to their convenient access to financial and banking services in the region.
03/22/2019
Fed's prolonged pause opens door for Asia's central banks to cut
"The Fed's big shift will end the tightening wave for Asia's central banks and open the door for future easing," said Chua Hak Bin, an economist at Maybank Kim Eng Research in Singapore
03/22/2019
Laws on tax treatment of financial instruments, tax exemption for funds enacted
Generally, an election for aligning the tax treatment with the accounting treatment, once made, is irrevocable and has effect for the year of assessment for which the election is made and all subsequent years.