10/02/2020
HKMA Pushes Forward Green & Sustainable Banking Initiatives
This has already been used to complete the first round of self-assessments by 47 authorised institutions.
Legal, Regulation & Compliance
10/02/2020
Wirecard: Singapore Businessman Hit With Five More Charges
Citadelle reportedly handled money for Wirecard in a trustee capacity, although it was not licensed to do so in Singapore.
10/02/2020
Hong Kong Launches Consultation on Anti-Money-Laundering Guidelines
The SFC seeks comments primarily on institutional and customer risk assessments
10/01/2020
FASEA releases August Exam Results
Over 11,180 advisers have sat the exam with 9 in 10 demonstrating they have the skills to apply their knowledge of advice construction, ethics and legal requirements to the practical scenarios tested in the exam,” FASEA Chief Executive Officer Steph
10/01/2020
China Issues G-SIB TLAC Rules for Consultation
China’s top four lenders – ICBC, Agricultural Bank of China, Bank of China and China Construction Bank – are designated as G-SIBs.
10/01/2020
Wirecard Ordered to Cease Activities in Singapore
The firm is at the center of one of the region's biggest corporate accounting scandals in recent years, having admitted that €1.9 billion is missing from its financial accounts.
10/01/2020
Global Islamic Finance Media Publication Islamic Finance news announces IFN Law Awards Winners 2020
Magic Circle and white-shoe firms are present on the most prestigious and often complex deals.
09/30/2020
Australian RegTech Partners with World's Leading Compliance Innovator
As a leading compliance expert and regulatory lawyer for the last 15 years, Samantha found that approaches to compliance management have stagnated and failed.
09/30/2020
SFC reprimands and fines China Everbright Securities (HK) Limited $2.5 million
The SFC’s investigation found that between 1 April 2018 and 19 August 2018, CESHK relied on expired standing authority given by around 6,841 clients to pledge their securities as collateral in obtaining credit line from three banks in Hong Kong.
09/30/2020
ASIC bans BGC Securities fixed income broker for ten years
Mr Moore’s banning is part of ASIC’s ongoing efforts to improve standards across the financial services industry.
09/30/2020
Electronic Dissemination of Rights Issue and Take-over Documents Extended to 30 June 2021
They must also send the hardcopy application or acceptance forms to shareholders.
09/30/2020
AIIB approves US$150 million loan for Indonesia satellite
Broadband internet service to benefit 45 million people in country's least developed regions
09/30/2020
HKMA to Enhance AML/CFT Supervision Through Data & Tech
The AMLS Project builds on Hong Kong’s mutual evaluation, which positively assessed the HKMA’s risk-based AML/CFT supervision, and aligns with international trends to leverage technology and data to identify and assess ML/TF risk.
09/29/2020
China to combine QFII and RQFII schemes
Other more recent inbound initiatives, such as the stock and bond connect programmes, have made the QFII and RQFII less relevant.
09/29/2020
Fund managers show mixed feelings on Hong Kong law
Despite threats of a possible exodus after draconian security legislation, the financial hub retains many attractions
09/29/2020
ASIC: Avrohom Kimelman and Don Evans charged with market manipulation offences
Quantum is now known as Nova Minerals Limited.
09/29/2020
Hong Kong securities and futures commission signs new MoU with the insurance authority
"We welcome the signing of this new MoU which will deepen mutual cooperation and coordination, optimising deployment of limited resources and lessening the compliance burden by reducing duplicated efforts."
09/29/2020
Financial Regulation: Weekly Update
Covid-19: Government launches financial industry recruitment scheme
09/29/2020
MAS Looks to Extend Debt Relief Program
The Singapore government has pledged more than $100 billion in Covid-19 related relief to mitigate the extent of the economic downturn resulting from the virus outbreak.
09/29/2020
MAS in Talks with Banks on Extending Relief for Borrowers
A tiered approach is said to be under consideration, so that relief is targeted to those needing the most help. Details of the plan and what types of borrowers would be covered under an extension are still being finalised, Bloomberg sources said.