07/05/2021
EU's 2050 climate neutrality law ups pressure on Asia
Adoption of regulatory framework for sustainability puts Europe far ahead of world's other regions
Legal, Regulation & Compliance
07/05/2021
MAS issues Prohibition Orders against Ms Suzannah Khoo Lee Sun for dishonest conduct
Ms Khoo was a representative of Prudential Assurance Company Singapore (Pte) Limited (PACS)
07/05/2021
China Widens Probe Beyond Didi, Roiling Global Investors
Investors responded by dumping Chinese tech stocks in Hong Kong and sending shares of SoftBank Group Corp., a backer of both Didi and Full Truck, to an seven-month low in Tokyo.
07/05/2021
Banks accused of Beijing-backed ‘asset grab’ as Hongkongers in UK denied access to pension savings
Thousands of Hong Kong people applied for a new BN(O) visa after Britain infuriated Beijing earlier this year by offering sanctuary amid a crackdown on freedoms in the city. Now those seeking refuge - and a new life - in the UK say they are being denied a
07/02/2021
Closing remarks at the HKMA's "Unlocking the Power of Regtech" Event
Arthur Yuen, Deputy Chief Executive, Hong Kong Monetary Authority
07/02/2021
Consortium Proposes to Create Impact Reporting Rules for Banks
Banking for Impact has also published a Vision Paper outlining plans to build an IMV approach that includes the quantification, valuation, attribution and aggregation of impacts for the financial sector – standards that do not yet exist for financia
07/02/2021
Melbourne man charged with multiple counts of market manipulation
The matter is next in court on 3 September 2021 for Committal Mention.
07/02/2021
Westpac to remediate customers for failure to pass on important corporate action information
‘We encourage affected customers to engage with the communications from Westpac to understand how they were impacted and to seek further information from Westpac if required,’
07/01/2021
Former Quantum director Avrohom Kimelman pleads guilty to market manipulation and insider trading
On 3 December 2015, Mr Kimelman was appointed CEO of Quantum.
07/01/2021
Industry response to consultation on promoting consumer access to affordable advice
The response to CP 332 was unprecedented, with ASIC receiving 466 submissions from financial advisers, licensees, industry associations and relevant stakeholders.
07/01/2021
The HKMA hosts its flagship Regtech event – “Unlocking the Power of Regtech”
The winners of the HKMA’s Global Regtech Challenge were announced during the conference.
07/01/2021
Remarks by Mr Ravi Menon, Managing Director, MAS at the MAS Annual Report 2020/2021 Virtual Media Conference on 30 June 2021
The MAS SGD Facility for ESG Loans has provided funding at 0.1% to financial institutions for lending to small and medium enterprises under the ESG loan schemes.
07/01/2021
New PRC Data Security Law
China’s latest step in building its comprehensive data and cybersecurity regime.
07/01/2021
US bank lobby group gives Japan's MUFG a seat at the table
Tokyo-based bank chairman first from Asian lender on board of Bank Policy Institute
06/30/2021
Contractual Recognition Rules for stays on termination rights - Hong Kong SAR
One way to comply with the Stay Rules will be for the covered entity
06/30/2021
Appleby's Hong Kong office acts as Bermuda counsel to Zhuhai Holdings Investment Group Limited
The Scheme provides that each Scheme Shareholder is entitled to receive the cancellation price
06/30/2021
UK, Singapore Commit to Deepening Regulatory Cooperation
The two countries also announced an MoU to enhance bilateral cyber security cooperation
06/29/2021
Allens advises on one of the largest private equity and capital markets transactions of 2021
The Westpac Auto Business is one of Australia's largest auto finance businesses, writing approximately $4 billion in loans annually.
06/29/2021
ISSB Climate Reporting Standard Could be Ready by July 2022
The IOSCO timeline also envisages amendments to the IFRS Foundation’s constitution in time for establishment of the ISSB by November, as well as progress being made toward a multi-stakeholder consultative committee.
06/29/2021
FSB Launches Review of Corporate Debt Workouts
The review will also seek to identify good practices and examples of how well OCW frameworks have worked in terms of preserving value for viable companies