11/05/2018
Financial Stability Risks Remain Under Control – PBOC
Since 2017, especially in 2018, the world political and economic structure has undergone profound adjustment and changes
Legal, Regulation & Compliance
11/05/2018
SGG Group completes acquisition of Lawson Conner
The acquisition strengthens SGG’s service offering to fund managers through the provision of a complete suite of compliance and regulatory services.
11/04/2018
Is Australia headed for MiFID II?
Discussing the implications of the MiFID II regime, she cited the principle that asset managers should not incur costs unless the value for the fund has been carefully considered.
11/02/2018
Sir John Key calls for stricter banking regulations
He said Australia has found a number of holes in their banking system and New Zealand should take note.
11/02/2018
BNZ defends big profit increase on eve of FMA Conduct report
The RBNZ and FMA investigation comes after sometimes shocking revelations from the Australian Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.
11/02/2018
US charges former Goldman bankers for 1MDB
The U.S. Justice Department is set to announce multiple criminal charges against two former Goldman Sachs bankers tied to the Malaysian 1MDB scandal.
11/02/2018
Managed accounts provider replaces Praemium
The fee has dropped from 77bps to 55bps with the change.
11/02/2018
SFC sets out new regulatory approach for virtual assets
The SFC is closely monitoring the development of virtual assets and may issue further guidance where appropriate.
11/01/2018
Deregulation needed to spur banks' globalization
He believes the financial regulator should ease rules on overseas assets
11/01/2018
HKMA and 12 local banks link up to create trade finance platform
Hong Kong has to develop digital banking to maintain its competitiveness,’ underlines HKMA chief executive Norman Chan Tak-lam
11/01/2018
AustralianSuper to cut equities
"We are going to start reducing our share weightings because that's the most exposed part of the portfolio," Delaney said.
11/01/2018
Hong Kong Competition Commission publishes decision in respect of the Code of Banking Practice
The coming into force of the Ordinance in 2015 gave rise to some uncertainty as to whether certain provisions of the Code could raise issues under the First Conduct Rule (which prohibits anticompetitive agreements between competitors); see our previous e-
11/01/2018
Monetary Authority of Singapore announces tax framework for Variable Capital Companies
This announcement details the manner in which the Resident Fund Scheme of Section 13R and the Enhanced-Tier Fund Scheme of Section 13X of the Income Tax Act (Cap. 134) are to be extended to VCCs.
11/01/2018
Indonesia c.bank gov pledges to ensure banks have adequate liquidity
The country’s foreign exchange reserves rose in October
11/01/2018
HKMA in Tokyo Promoting Hong Kong’s Leading Platform as an International Financial Centre and Gateway of China
The seminar was part of the “Think Global, Think Hong Kong” promotion programme organised by the Hong Kong Trade Development Council in Tokyo.
10/31/2018
ANZ profit takes hit as it moves beyond wealth
This places ANZ in a stronger position to meet the challenges facing the industry.
10/31/2018
Sargon moves closer on Decimal transaction
Sargon’s acquisition of Decimal, when combined with earlier transactions involving IOOF’s corporate trust business and Madison Financial Group, gives the company strategic reach into the superannuation and wealth management arenas in Australia
10/31/2018
Asian Legal Business Recently Named Chris Cheng in “Top 40 Under 40” List
Chris Cheng’s practice areas span corporate, M&A, IPO’s, equity capital, markets and debt capital markets.
10/30/2018
Standard Chartered granted custody license in China
China is the third largest equity and bond market in the world, with total market size close to USD20 trillion.
10/30/2018
More Progress Needed on Basel III Implementation – BCBS
Twenty-six member jurisdictions also have final rules in force for the countercyclical capital buffer and the D-SIB (domestic systemically important bank) requirement.