06/01/2015
BNP Fined $1.4 Million in Hong Kong for Unreported Cross Trades
As a licensed corporation, BNP also failed to employ effectively resources and procedures needed for the proper performance of its business
Legal, Regulation & Compliance
06/01/2015
Deacons acts for RaffAello Capital in relation to the GEM listing
Golden Power is principally engaged in the manufacture and sale of a broad range of batteries for various electronic devices
05/31/2015
East Asia-Pacific region to remain resilient, say central bankers and monetary authorities
As economic restructuring proceeds in the region, productivity performance should pick up.
05/31/2015
SFC and CSRC sign agreement on Mainland-Hong Kong Mutual Recognition of Funds
The Memorandum also established a framework for exchange of information, regular dialogue as well as regulatory cooperation in relation to the cross-border offering of funds.
05/29/2015
APRA calls for banks to change pay to improve culture
All the effort to build bigger capital buffers in banks would be undermined if they are not accompanied by changes in behaviour inside those banks
05/29/2015
10 financial advisory firms may have breached anti-competition law
The 10 parties now have six weeks to make representations before CCS issues its final decision.
05/29/2015
China's central bank acts to drain excess liquidity
China's central bank has drained money from cash-flush financial institutions by selling them bond repurchase agreements behind closed doors
05/29/2015
A&G dominant at Southeast Asia Law Awards
Allen & Gledhill dominated the 11th edition of the annual ALB Southeast Asia Law Awards
05/28/2015
A court just gave Gina Rinehart's daughter, Bianca, control of the $4 billion family trust
The trust holds 24% of Gina Rinehart’s Hancock Prospecting.
05/28/2015
US prosecutors allege 'World Cup' of football fraud, money found in offshore Hong Kong accounts
The officials are charged with conspiring to solicit and receive more than USD150 million (HKD1.16 billion) in bribes and kickbacks in exchange for their support of marketing executives who agreed to make the illegal payments.
05/27/2015
Sahara Group via subsidiary Amby Valley Mauritius rebids for London’s iconic Grosvenor House hotel
The embattled Sahara Group has yet again bid for London's iconic Grosvenor House hotel
05/27/2015
Government asks for advice on how to deal with offshore entities abusing NZ's Financial Service Providers Register
The Government is asking for advice on how to deal with overseas financial service providers misusing New Zealand's Financial Service Providers Register
05/27/2015
ASIC tells investment banks corporate culture shift 'needs to happen now'
The boards of several investment banks have been issued with reports on potential deficiencies in their corporate culture, as scrutiny of remuneration and potential conflicts of interest in the industry gathers pace.
05/27/2015
Alibaba-affiliated online bank get green light from China regulator
Ant Financial had made 400 billion yuan worth of micro-loans to more than 1.6 million small companies
05/25/2015
Indonesia court weighs legal challenge to banking regulator
The Financial Services Authority, known as the OJK, took over supervision of lenders from the central bank last year under a 2011 law on financial institutions
05/25/2015
FIIs asks Sebi to simplify licence conditions for trading on stock exchanges
Foreign portfolio managers are pleading with the Indian capital market regulator Sebi to make the terms of the declaration that they sign to trade on local stock exchanges less pervasive.
05/25/2015
Bendigo plays trade practices card on default funds
Bendigo and Adelaide Bank has added its voice to the calls for the Government to change the default funds under modern award regime and open it to all eligible MySuper products.
05/25/2015
Former Prime Trust directors launch appeal against ASIC bans
The former directors of failed retirement village owner Prime Trust directors – including company founder Bill Lewski and former federal health minister Michael Wooldridge – are appealing a Federal Court finding that they breached their duties
05/24/2015
China and Hong Kong broaden financial ties through funds
China and its special administrative region of Hong Kong on Friday announced they will allow cross-border sales of investment funds to retail investors, saying it will increase financial cooperation.
05/24/2015
Saxo sues 12 clients after franc turmoil
Saxo Bank, a Danish broker bank stung by losses on Switzerland’s surprise revaluation of the Swiss franc, sued 12 currency-trading clients in Singapore in the latest lawsuits stemming from January’s exchange-rate turmoil