08/30/2022
APRA grants Vanguard superannuation licence
Harnessing the wider Vanguard group’s global investment expertise and more than 25 years’ experience serving Australians
Legal, Regulation & Compliance
08/26/2022
Beijing Nears Deal to Allow US Audit Inspection
The China Securities Regulatory Commission recently informed some accounting firms and companies about the plan with the possibility of US inspectors arriving in Hong Kong as early as next month.
08/25/2022
Conyers Shortlisted for ALB Hong Kong Law Awards 2022
His recent mandate includes HUTCHMED’s IPO which is also shortlisted in the ALB awards this year.
08/25/2022
Singapore Authorities Take Actions Against Noble Group Limited and Former Directors of Noble Resources International Pte Ltd
MAS has imposed a civil penalty of $12.6 million on NGL for publishing misleading information in its financial statements, in breach of section 199(b)(ii) of the Securities and Futures Act (SFA).
08/25/2022
Bank compliance for wealth management subsidiaries
When establishing BWMS, the qualifications and business capacities of shareholders, especially initiators and controlling shareholders, are of great concern and strictly examined by regulators.
08/25/2022
‘Absolutely glorious’: Malaysians hail jailing of Najib Razak
Malaysians say they hope Najib’s jailing serves as a warning against corruption as the former prime minister spends his first day in prison at a complex outside the capital.
08/24/2022
Ex-Malaysia PM Loses Final Appeal and Heads to Jail
The latest convictions are just part of one out of five trials that Najib faces over 1MDB-linked accusations.
08/23/2022
Finance ministry sets targets for banking system
The Ministry of Finance (MoF) has issued targets for restructuring banks in a bid to bolster the strength of Vietnam’s financial sector.
08/22/2022
Use of technology in arbitration and court proceedings in Hong Kong
There are also increased demands in the industry for the use of technology in court proceedings, and accordingly, innovative measures have been introduced in the Hong Kong Special Administrative Region.
08/19/2022
AMTD Digital’s Underwriter Probed by Hong Kong Watchdog
AMTD has been recently placed in the spotlight after the share price of its newly listed digital unit surged more than 32,000 percent
08/18/2022
UOB and Doxa team up to digitise trade financing and procurement
This will unify the financial ecosystem and we are excited to be part of this journey.
08/17/2022
ASIC secures over $102 million in remediation for Freedom Insurance customers, with more to come
AIA Australia, NobleOak Life, Swiss Re Life & Health Australia and ClearView Life Assurance issued the policies distributed by Freedom Insurance.
08/16/2022
Thailand securities regulator awards four new digital asset licences
Earlier this month, the central bank announced plans to kick off a pilot project to test its digital currency at the end of the year.
08/15/2022
ASIC bans West Australian financial services director for six years
Ms Hutchinson has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC’s decision.
08/12/2022
APRA releases final reporting standards on updated capital framework for banks
APRA has made changes to these new collections to better meet data needs, simplify reporting requirements, and reduce the need for future data collections and ad hoc requests.
08/10/2022
Thailand central bank to kick off digital currency pilot test at the end of 2022
The project will be separated into a foundation track which will assess the efficiency and safety of the digital currency system, and an innovation track that will focus on development of innovative use cases.
08/10/2022
Australian financial institutions take climate risk seriously, regulator says
With stakeholder expectations on climate risk only going to rise further in coming years, we urge all regulated entities to consider the findings and reflect on their preparedness
08/10/2022
BMO Expands Presence in Japan with Securities License
"BMO applied for a Securities license after a strategic review that showed a high correlation between our Global Markets products and demand in Japan,"
08/09/2022
Six Bank Wealth Management Subsidiaries Obtain Approval for Operation in 2022
The company has 2 billion yuan in registered capital and is headquartered in the Shandong province city of Qingdao.
08/08/2022
Former financial adviser banned following conviction for dishonesty offences
Mr Nesseim has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC's decision.