12/18/2020
The submission required consideration of how arbitral tribunals could adapt, using technology to conduct hearings remotely, and how such measures could be reconciled against arbitral rules and norms.
12/17/2020
Legal directory recognition for Carey Olsen's Singapore and Hong Kong offices
Carey Olsen's Singapore and Hong Kong offices are featured once again in the latest edition of Chambers Asia-Pacific.
12/17/2020
Taiwan FSC Cautions New Digital Banks Against Price Wars
The FSC hopes that the digital banks would offer innovative services or products instead of setting unreasonably low prices to attract customers to ensure solid and sustainable development.
12/17/2020
Chinese Watchdogs Suspends Top Rating Agency
The two executives also previously worked at Dagong Global Credit Rating which was also suspended from issuing ratings for a year in 2018 after it was spotlighted in a similar scandal where it was found overcharging rated firms for counseling.
12/17/2020
HKMA Consults on Implementation of Revised CVA Risk Framework
The HKMA intends to implement the revised CVA risk framework closely aligned with the standards issued by the BCBS.
12/17/2020
MSCI, Nasdaq Announce Removal of Chinese Companies from Indices
MSCI said it was only removing companies explicitly named in the executive order and not their subsidiaries or affiliated companies.
12/17/2020
These swap facilities reinforce the improvements in global USD funding conditions and provide certainty to market participants that USD funding will remain available to meet their needs.
12/17/2020
SFC licenses first virtual asset trading platform
Regulators in other major markets have also announced plans to regulate virtual asset trading to address concerns about anti-money laundering and consumer protection.
12/17/2020
Test Chambers and Partners Asia Pacific Guide
They also facilitate the provision of legal advice in Guernsey, Isle of Man, Mauritius and the Seychelles.
12/17/2020
Indonesia begins merger of 3 state-owned Islamic banks
Process to be completed by February, Bank Syariah Indonesia will be country’s largest Islamic bank
12/16/2020
SGX Launches New Sustainability Platform, Plans New ESG Products
The addition of third-party ratings builds on mandatory sustainability reporting, which SGX implemented since 2016.
12/16/2020
Improving Operational Resilience: A Priority for the Year Ahead
But operational resiliency is not a new concept. In fact, the industry has been keenly focused on ways organisations can prepare for and respond to potentially disruptive events for decades.
12/16/2020
Bursa Malaysia, Shenzhen Bourse Cross-Promote Indices
The CNI-Bursa Malaysia 50 Index is a new index jointly developed by Bursa Malaysia and SZSE, representing the first cross-border co-branded index to be displayed on the SZSE.
12/16/2020
‘Star’ Chinese banker jailed for life for stealing US$400 million from clients in Ponzi scheme
The court rulings put an end to one of the most high-profile bank frauds in China, which was exposed in April 2017 when Zhang was detained by police over what the bank described as “personal moral deficiencies”.
12/16/2020
Regulation Asia Awards for Excellence 2020 – Results Announcement
Regulation Asia’s editorial team was charged with assessing the submissions received to identify those with the most merit in each category.
12/16/2020
This was intended to enhance transparency about IDR activity and performance across the finance sector.
12/16/2020
Entry into force of the amendment protocol to DTA with New Zealand
The protocol implements the minimum standards for double taxation agreements (DTA).
12/16/2020
The cancellation of Migration Cover’s AFS licence is part of ASIC’s ongoing efforts to improve standards across the financial services industry.
12/16/2020
As Australia’s financial safety regulator, APRA will closely monitor the return of deposits to ensure all funds are returned to Xinja depositors in an orderly and timely manner.
12/16/2020
ASIC considers the ability to use a reduced-disclosure prospectus a privilege that is dependent on compliance with other aspects of the law, including that companies meet their ongoing disclosure obligations.