09/19/2022
A Surprise Turn of Events in Credit Suisse's Singapore Case
At the end of the second week of the trial between Credit Suisse and former Georgia Prime Minister Bidzina Ivanishvili, there is a surprising turn of events.
Legal, Regulation & Compliance
09/15/2022
APRA outlines plans to modernise the prudential architecture
“Our end-goal is a digital framework that will be easier for industry to understand and comply with, and for APRA to supervise and maintain – and ultimately to better protect Australians’ financial interests,”
09/15/2022
Fosun Denies Regulator Call for Bank Review
Fosun said it had sought confirmation from regulators through multiple channels and that many banks had not received such notice from the CBIRC.
09/15/2022
Bank of East Asia Executive Detained in Beijing
In response, a BEA statement said that the matter pertains solely to the personal actions of an individual employee, adding that the bank has stringent internal control mechanisms and protocols in place.
09/14/2022
BDO books fastest growth in a decade to crack $400 million barrier
“We’ve developed and attracted some really great talent across all levels of the organisation and their expertise and skills is resonating and reflecting the needs of our client base.”
09/14/2022
APRA extends IN1Bank’s licence to operate as a restricted authorised deposit-taking institution
Recognising the unique circumstances of IN1Bank’s application, APRA judged that a further short extension was warranted.
09/13/2022
Director identification number update – deadline approaching for Australian company directors
Individuals now seeking to become a director must obtain a director identification number before they can be appointed.
09/12/2022
US To Ostensibly Broaden Curbs on Chip Exports to China
Several companies have publicly acknowledged the communication, which indicates a double-pronged approach by the US government.
09/12/2022
MAS and Singapore Exchange Launch Sustainability Data Portal
Listed companies will be able to take advantage of a simplified disclosure process with a core set of metrics mapped against global standards and frameworks.
09/09/2022
John Trehey Maintains Ranking among Top Offshore Litigators in Asia
In making its selections, ALB considered client feedback and wider market input, as well as the successful handling of significant cases.
09/09/2022
Tender results of the re-opening of 15-year Government Bonds under the Institutional Bond Issuance Programme
A total of HK$1.0 billion 15-year Government Bonds were offered today.
09/09/2022
Takeovers Panel rules on the price for the mandatory general offer for Suncity Group Holdings Limited
The Panel considered that the transaction involved a discharge of Chau’s liability under the loan, which was a favourable condition to him as a shareholder, and that this constituted a special deal under the Takeovers Code (Note 2).
09/09/2022
Seahawk China Dynamic Fund: winding up on just and equitable grounds
While the Court did not determine the question conclusively, it did provide an indication of how it may rule if the issue were to be placed squarely before the Court again.
09/09/2022
SIX Benefiting from Sino-American Audit Debate
Last month American and Chinese officials agreed to allow Chinese accounting firms to share more information with US regulators about the finances of Chinese companies listed on U.S. stock exchanges.
09/08/2022
Managed funds amend their marketing following ASIC surveillance
‘In conveying our concerns to these responsible entities and trustees, we have secured timely and voluntary amendments to the funds’ marketing materials,’
09/08/2022
Interpol Red Notice Issued for Wirecard Fraud Suspect
Other charges issued include the alleged abetting of Yeo to falsify invoices totalling S$$184,870 from his firm Jacobson Fareast Marketing Services (JFMS) to WAH against Wardhana and Yeo himself.
09/08/2022
Philippine central bank head open to more rate hikes in 2022
The currency’s fall was mainly due to widening current account deficit amid more costly imports, Medalla said at the live-streamed economic briefing.
09/07/2022
BOJ boosts bond buying as yields advance towards policy limit
“The increased amount is so small to raise doubt about its effectiveness but it does confirm the BOJ’s stance of capping 10-year yield at 0.25 per cent,”
09/07/2022
ABN AMRO Clearing Sydney Pty Ltd pays $222,000 infringement notice
The MDP considered that ABN AMRO’s conduct was careless.
09/06/2022
Launch of Singapore Fund Directors Association's Code of Conduct for Fund Directors
SFDA's Fund Directors Certification, which is now available to both SFDA members and non-members, incorporates the key principles of the Code of Conduct in its curriculum.