03/15/2023
ASIC bans Queensland based adviser from providing financial services for three years
The banning has been recorded on ASIC’s publicly available Financial Advisers Register and the Banned and Disqualified register.
Legal, Regulation & Compliance
03/14/2023
Singapore's Banking System Remains Sound and Resilient
The Singapore Dollar money market and foreign exchange market continue to function well.
03/13/2023
Local exposure to Silicon Valley Bank limited: FSC
The bank served mostly technology start-ups and venture capital-backed companies.
03/10/2023
Roger Ng Sentenced to 10 Years Prison
This compares to previous calls by federal prosecutors in Brooklyn for a 15-year prison sentence.
03/10/2023
APRA preserves life insurance prudential standards
APRA received only two responses from life insurers during the consultation.
03/10/2023
ASIC continues its focus on improved material business risk disclosure in annual reports
The disclosures were in response to ASIC’s concerns that the risks had not been sufficiently disclosed in the operating and financial review (OFR) of the directors’ report.
03/08/2023
HSBC Responds to Mark Mobius’ China Claims
The State Administration of Foreign Exchange, China’s forex watchdog, added in a separate statement that there was no policy change on cross-border remittance of funds and that the mainland would continue to promote opening up to the world.
03/08/2023
Australia’s central bank says it is closer to pausing on rate hikes
“We also discussed that, with monetary policy now in restrictive territory, we are closer to the point where it will be appropriate to pause interest rate increases to allow more time to assess the state of the economy,” Lowe said in a speech
03/08/2023
Conyers Wins Two CBLJ Deals of the Year 2022
The awards recognise firms for their outstanding legal service throughout the year, as nominated by China-focused in-house counsel, corporate executives and legal professionals around the world.
03/07/2023
The prevention principle new approach needed by Australian courts
The prevention principle is a legal maxim which provides that a party cannot take advantage of its own wrong in enforcing a contract.
03/03/2023
Macquarie Group considers takeover bid for M&G - reports
£6.5bn potential deal
03/03/2023
ASIC permanently bans property fundraiser following fraud convictions
Under the Corporations Act and National Consumer Credit Protection Act, ASIC may permanently ban a person from the financial services and credit industries where they are convicted of serious fraud.
03/03/2023
APRA releases general insurance statistics for December 2022
This was an increase relative to the prior year profit result due to stronger underwriting results, whch were partly offset by large investment losses.
03/01/2023
Carey Olsen shortlisted for offshore law firm of the year in Asia Legal Awards
The awards cover a range of practice areas and disciplines and identify the most significant deals and transactions that took place during 2022.
03/01/2023
Singapore: Seeking luxe real estate
The stock market didn’t fare well either, as tech stocks plummeted, with the Nasdaq Composite index falling by a third.
02/28/2023
Ping An Bank Hong Kong Branch granted insurance agency license
In this age of digital transformation, the way investors conduct trading, consulting and acquiring information have changed.
02/28/2023
APRA publishes assessment of macroprudential settings
Macroprudential policy is an important feature of APRA’s toolkit.
02/28/2023
ASIC launches first Court proceedings alleging greenwashing
These statements marketed the Sustainable Plus options as suitable for members who ‘are deeply committed to sustainability’ because they excluded investments in companies involved in carbon intensive fossil fuels like thermal coal.
02/27/2023
China banking tycoon Bao Fan 'cooperating with investigation'
The firm did not provide further details about the nature of the investigation
02/24/2023
Incoming BOJ chief Ueda says current low rates appropriate
“Japan’s trend inflation is likely to rise gradually. But it will take some time for inflation to sustainably and stably achieve the BOJ’s 2% target,”