02/09/2016
ASIC ready to launch rate-rigging case against ANZ
The regulator is believed to have drafted statements of claim and will file a civil action against ANZ in relation to breaches of the law relating to BBSW between 2007 and 2013.
Legal, Regulation & Compliance
02/08/2016
Chinese EXIM Bank rejects blame for Bahamas megaresort crisis
By Travis Cartwright-Carroll Nassau Guardian Staff Reporter
02/08/2016
NAJIB'S Arabian Nightmare Begins
In Saudi Arabia, Foreign Minister Adel al-Jubeir said that he accepted the attorney general’s opinion that there had been no wrongdoing, but he also said that he did not think that the money had come from the Saudi government or that it was a politi
02/08/2016
MSCI Endorses China Fund Easing Amid A-Share Inclusion Bid
Open-ended funds will also be able to shift money in and out of the nation’s stocks daily, policy makers said.
02/08/2016
The Asian Lawyer’s Asia Legal Awards 2016 – WFW short-listed for three awards
The winners will be announced at the awards dinner which takes place on 23 February at the Four Seasons hotel in Hong Kong.
02/05/2016
Private banker Yak Yew Chee withdraws request to release funds frozen in 1MDB probe
Mr Yak, a senior private banker with the local unit of Swiss bank BSI, did not appear at Friday's hearing, but the Straits Times understands he is in Singapore.
02/04/2016
Get your passport… cross-border marketing of retail funds in Asia Pacific
As the funds market in Singapore and the wider Asian region has grown, so have the calls for a regulatory framework that will allow retail funds to be marketed more easily across the region's national borders.
02/04/2016
Malaysia malaise – will domestic challenges in Malaysia affect investment in UK real estate?
UK real estate has seen significant inward foreign investment since the financial crisis, with Malaysian investors at the forefront of the most recent wave.
02/04/2016
China curb on credit card premium payments hits insurers
According to Bloomberg News, Chinese people have been flocking to Hong Kong to buy insurance policies, which typically come with better service than on the mainland, with the purchases by mainland visitors in Hong Kong reaching HK$21.1bn ($2.7bn) by the e
02/04/2016
Former NAB adviser cops seven-year ban
ASIC Deputy Chair Peter Kell said ASIC's Wealth Management Project was removing from industry financial advisers who did not meet the standards ASIC and the community expected.
02/04/2016
China to Plan Looser Limits on Foreign Fund Outflows
The rule changes would apply to funds under the Qualified Foreign Institutional Investor program
02/04/2016
Spotlight now on Swiss bank caught in 1MDB saga
BSI is a relative latecomer in Singapore's private banking scene, having started business here only in 2010.
02/03/2016
PBOC said to ask lenders to control wealth management funds
China central bank wants lenders to exercise greater control over wealth management funds
02/03/2016
SFC publicly censures Goldman Sachs
Goldman Sachs’ conduct fell far short of the standards expected of a financial advisor under the Takeovers Code in that between 8 November 2013 and 6 January 2014:
02/03/2016
Global law firm sets up in Singapore
It will focus on offering tax and estate planning advice to high net worth families and family-controlled businesses in South-east Asia which have US business interests.
02/02/2016
Appleby advised China Rongzhong on HKEX Listing
Goodwin Procter and Commerce & Finance Law Office were the Hong Kong and PRC legal advisers to the sponsors and underwriters, respectively.
02/02/2016
Guernsey and China begin successful law student exchange
It is hoped that Ms Huang's visit will be the first in an ongoing programme between Guernsey law firms and ECUPL students.
02/02/2016
Singapore seizes ‘large number’ of bank accounts amid 1MDB probe
Malaysia’s government investment fund has been the subject of overlapping investigations in the country
02/02/2016
China’s HK$59 billion online Ponzi scheme: who started it, how did it happen and now what?
We give you the low-down on the massive scam involving a peer-to-peer online financing firm that fleeced more than 50 billion yuan from over 900,000 investors across China in just 1½years
02/01/2016
Bahrain's Al Baraka Islamic Bank eyes France, Indonesia for expansion
France has one of the largest Muslim populations in Europe but cultural and legal obstacles have impeded the development of its Islamic finance industry.