06/07/2016
Former Equititrust CEO appeal refused
McIvor has also filed an application with the AAT to review the original decision permanently banning him from providing any financial services.
Legal, Regulation & Compliance
06/07/2016
MAS Proposes a "Regulatory Sandbox" for FinTech Experiments
The Monetary Authority of Singapore today released a consultation paper on proposed guidelines for a “regulatory sandbox” that will enable financial institutions as well as non-financial players to experiment with financial technology solution
06/06/2016
Hogan Lovells rekindles Indonesian offering with new alliance
DNFP specialises in corporate and financial transactions and was launched by partners Dewi Djarot and Fachi Fachrul.
06/06/2016
RBI wants overhaul of cyber security in banks
Central bank says number, frequency and impact of cyber attacks have increased manifold in recent past
06/06/2016
Philippine central bank may regulate bitcoin operators
That is what we are looking to do, whether it is now time to impose hard regulations for virtual currency operators.
06/06/2016
Pakistan: New law soon to bring transparency in declaration of offshore assets
The government authorities have already held two meetings with the Swiss government in this regard.
06/06/2016
Increasing regulation in Asia-Pacific to boost investment in financial IT, says Wolters Kluwer
The results reveal that market participants face a range of challenges in risk management, and many have concerns about regulatory risk in particular.
06/03/2016
Law Firms Use Guile To Expand in Asean
Over the past five decades, East Asia’s growth has been aided by a range of factors key among them reductions in trade barriers and strengthening of the rule of law.
06/02/2016
Southeast Asia drive for Hogan Lovells - new association in Indonesia and new partner hire
Demand for dispute resolution and litigation services also remains robust among existing companies
06/02/2016
Bank of East Asia Plans Layoffs, Closures
Hong Kong’s largest family-controlled bank plans to let go of 180 workers and close 22 brokerage
05/31/2016
Concern over China insurance rules ahead of talks with U.S.
Critics fear the rules could be used to drive preferential treatment for Chinese companies supplying businesses and government departments
05/31/2016
Appleby acted for Ever Smart on its HKEx Listing
Ever Smart provides footwear design and development, production management and logistics management services.
05/31/2016
Foreign Business Groups to Complain About Proposed Chinese Insurance Rules
Draft insurance rules are part of China’s broader push for control over technology suppliers
05/30/2016
A Hong Kong watchdog revealed millions in unauthorized stock trading
The authority said this did not result in any actual financial losses and it said it was still investigating why some of the cases took place.
05/30/2016
Top management sets the tone in fight against money laundering
It said that it had highlighted "many serious risks" since 2013
05/30/2016
ASIC permanently bans ex-HSBC, ANZ planners
In permanently banning Kwok, ASIC found reason to believe that he was not of good fame or character.
05/30/2016
Islamic banking set to launch in India amid controversy
Like other Islamic banks, the IDB does not charge interest on loans or pay interest on deposits.
05/30/2016
HSBC boosts oversight of safety boxes in Hong Kong
A report commissioned by the federal government of Switzerland highlighted in December how in certain circumstances safety boxes can be vulnerable to financial crimes.
05/27/2016
No, central banks have not exhausted their policy options
Central banks have duly employed more radical treatments than ever before.
05/27/2016
Up to a dozen banks are reportedly investigating potential SWIFT breaches
The incidents are part of a larger trend of cybercriminals targeting financial institutions directly instead of customers