10/25/2017
Latest Development on the Era of Smart Banking
The HKMA will continue to discuss and work with relevant stakeholders to facilitate the transformation of our banking system to a new and higher level of Smart Banking.
Legal, Regulation & Compliance
10/25/2017
Web Firm Exec Charged With Offering 5M Euro Reward To HSBC Staffer
Bongard Was Granted Cash Bail Of HK$100,000
10/25/2017
ANZ returns to court after ASIC settlement
The rate determines what banks charge to lend money to each other and is not directly linked to mortgage or other retail lending interest rates.
10/24/2017
Australia Publishes Draft Laws for Relaxed Fintech Regulation
The draft laws, which Morrison has opened for consultation, would let companies "overcome the initial regulatory burden and costs of licensing that may otherwise hinder innovative offerings."
10/24/2017
Premier urges tighter controls after fraud found at Mega Bank
Public faith in the local banking sector could be undermined.
10/24/2017
Government publishes draft legislation for testing fintech products without licence
The draft legislation and regulations states that eligible Australian fintech businesses will be able to test their products and services with up to 100 customers for a maximum period of 24 months.
10/24/2017
Kobre & Kim Is the Latest Am Law 200 Firm to Launch in Shanghai
The New York-based boutique says it is expanding its Asia practice into mainland China with unique, conflict-free offerings.
10/23/2017
Banks in court over ASIC’s rate rigging case
The case comes amid heightened political focus on the banks over a series of conduct issues, with the trial due to take up to 12 weeks and expected to renew the focus on cultural issues within the banks.
10/22/2017
Australian Banks Accused Of Rate Rigging Face Court Showdown
Regulator’s Cases Against ANZ, Westpac And NAB To Start Monday
10/22/2017
Global 50 law firm snags duo from Paul Hastings in HK
“Doug and Victor are widely regarded as leaders in the Asian private equity and M&A markets,”
10/20/2017
Bank Indonesia Draws Up Rules To Monitor Fintech
Central Bank Plans Legal Framework To Prevent 'Shadow Economy' Forming
10/20/2017
Nine Appleby offices recognised in 2018 IFLR100 guide
The guide also noted “One of Appleby's key strengths is the working across its own jurisdictions."
10/18/2017
Leading international trade and customs law firm expands in Hong Kong
It will also allow us to utilize the latest technology to provide the best possible service to our clients.
10/18/2017
China shuts down billionaire's golf courses
A new crackdown began in 2004 and intensified under Xi.
10/18/2017
Donald Tsang’s wife deposited HK$350,000 cash just after bank chairman withdrew same amount, trial hears
Prosecutors claim money used months later to pay businessman who provided ex-city leader free renovation of penthouse where the couple planned to retire
10/18/2017
BNY Mellon joins Asian Development Bank’s Trade Finance Program
Backed by the ADB’s AAA credit rating, the TFP enables companies throughout Asia to engage in import and export activities through the provision of loans and guarantees by ADB’s partner banks.
10/17/2017
Gibraltar FSC and the Securities and Exchange Board of India ink MOU
The MOU is also expected to contribute towards strengthening the information sharing framework and add value to overseas mutual cooperation and regulation activities.
10/17/2017
Which law firms are most prized by each gender?
The survey also revealed a strong increase in the desirability of the legal services branches of the big four.
10/16/2017
UBS, Standard Chartered IPO Lawsuit Dropped
The company is now in liquidation and has been delisted from the Hong Kong exchange.
10/16/2017
ASIC accepts enforceable undertaking from Sentinel Private Wealth
The EU follows an ASIC surveillance of SPW’s business, which was prompted by actions taken against two of its financial advisers.