12/03/2018
Mauritius’ SBM gets RBI approval to merge operations with its Indian subsidiary
The Reserve Bank of India Saturday said it has approved merger of SBM (Mauritius), India with SBM Bank (India).
Legal, Regulation & Compliance
12/03/2018
TransUnion Online Service Suspended in Hong Kong – Reports
The online service requires the input of personal information such as the name, ID card number, date of birth and phone number to access credit reports
12/03/2018
Singapore’s First Crypto Litigation Highlights Need for Regulatory Clarity
The case raises the question of whether, and in what circumstances, a crypto exchange operator has the right to reverse completed transactions.
12/03/2018
China allows UBS to control local securities business
This is the first foreign-controlled securities company approved by the China Securities Regulatory Commission after the implementation of the Measures for the Administration of Foreign-invested Securities Companies."
12/03/2018
Stepping into the unknown
Owners and operators are braced for the central bank's long-awaited rate hike
12/03/2018
Singapore Watchdog Releases Comprehensive Guide to ICO Legality
The document lists eleven possible types of token, all with different obligations.
12/02/2018
India, Hong Kong double taxation pact comes into effect
The agreement will also improve transparency in tax matters and will help curb tax evasion and tax avoidance
12/02/2018
UBS first foreign bank to gain majority stake in China venture
JPMorgan and Nomura await approval from securities regulator
11/30/2018
Lack of skilled fraud busters in Singapore
This can be achieved through the importing of talent from outside Singapore as well as through the upskilling of Singapore's existing workforce."
11/30/2018
Former chairman of top Vietnam bank arrested as corruption crackdown widens
While BIDV eventually managed to retrieve this money, the loans had helped Danh steal over VND9 trillion from VNCB.
11/30/2018
Hong Kong lawyers Judy Lee and Eliot Simpson recognised in the latest Chambers and Partners Asia Pacific Guide
The firm was noted for the "prominence of its Bermuda law practice as well as its recognised BVI and Cayman Islands law capability."
11/29/2018
Revived 1MDB Probe Claims Victims
These guys are fucking criminals,» Belfort told finews.asia last year. He was referring to spendthrift Malaysians reportedly linked to sovereign wealth fund 1MDB.
11/29/2018
Revolut secures Singapore and Japan licences
Challenger banking service Revolut is on an Asian roll as it has secured licences in Singapore and Japan for planned launches next year.
11/29/2018
Hong Kong court acquits former Standard Chartered private banker of bribery charge
A magistrate's court in Hong Kong has acquitted former Standard Chartered Bank private banking head Ryan Gwee Yuan Kerr of a bribery charge brought by the Independent Commission Against Corruption (ICAC).
11/28/2018
Malaysia’s Affin Hwang AM inks pact with Samsung AM to develop products for local market
The partnership will “seek to deliver value to local investors by providing them access to sophisticated investment instruments at a low-cost and efficient entry point to amplify or hedge returns
11/28/2018
Philippines gets closer to finalising legal framework for Islamic banking
Most of all, the issuance of sukuk would enable the country to tap funds from the 57 member-countries of the Organisation of Islamic Co-operation.
11/27/2018
Malaysia's securities regulator to allow more diversified ETFs
These enhancements to the ETF market are in tandem with global trends, with the Asian ETF market expected to see an annual growth rate in assets of 18% by 2021.”
11/27/2018
Tokyo Bourse to Probe Nissan over Former Chairman’s Alleged Misconduct
An internal investigation at Nissan that revealed that Ghosn engaged in “significant acts of misconduct” over many years, which included misuse of company assets.
11/27/2018
ASIC’s Recent Initiatives To Strengthen Underwriting Standards - A Speech By Cathie Armour, Commissioner, Australian Securities And Investments Commission At The Australian Securitisation Conference 2018
Insufficient controls to address the risk of loan application fraud and incentive structures that reward poor behaviour jeopardise trust and confidence in the financial sector.
11/26/2018
Hedge Fund Throws a Lifeline to HNA Unit Shunned by Wall Street
Pactera’s difficulties, some of which haven’t been previously reported, illustrate how HNA is still struggling to cope with the debt burden amassed during a $40 billion takeover spree.