09/11/2020
Carey Olsen acts in London property deal
Carey Olsen advises Singapore real estate investment company on first London property acquisition
Legal, Regulation & Compliance
09/11/2020
Islamic finance in Indonesia fends off coronavirus chill
Banks and app tap growing demand in world's largest Muslim country
09/11/2020
Philippine and Indonesia Regulators announce Deal to Improve Financial Systems and Boost Supervision
The regulators will also reportedly discuss the supervisory framework, consumer protection, financial inclusion, financial technology and capacity building, according to an article by Asia Asset.
09/11/2020
China's expanded export controls pose fresh challenge to global tech industry
In addition to recommendation algorithms such as those used by ByteDance-owned TikTok, the new list of “partially restricted exports” includes drone and cybersecurity technology, voice recognition software, and handwriting scanning software.
09/10/2020
Milestone Group appoints MD of Asia Pacific
Milestone Group, a global investment fintech firm, best known for innovation in fund processing, asset allocation and oversight automation, has appointed Marian Azer as Managing Director for Asia Pacific based in Sydney, Australia.
09/10/2020
Codification of Existing Practices into Hong Kong Listing Rules Effective from 1 October 2020
The amendments are effectively codification into the Rules of certain waivers that have been granted by the Exchange with general effect
09/10/2020
The International Islamic Trade Finance Corporation and Mizuho Bank Malaysia Sign US$100 million Trade Financing Deal
This Line of financing for ITFC is the first with a Japanese bank and in line with its strategy of developing partnerships with banks around the world to help extend trade financing to member countries of the Organisation of Islamic Cooperation
09/10/2020
UAE and Pakistani finance authorities join hands to combat money laundering
The MoU comes in line with international efforts to exchange financial information and expertise
09/10/2020
‘Surprised’ fund managers welcome Buffett to Japan
‘There are some aspects of trading companies that make it a big surprise, to be honest,’ said Richard Aston, manager of the CC Japan Income & Growth investment trust and open-ended fund of the same name.
09/10/2020
MAS to Intensify Supervisory Engagement to Drive SORA Transition
“A bank that adopts a ‘wait and see’ attitude and leaves things till next year, is likely to find itself with too much on its plate before the end-2021 deadline,” she said. “This is something which we must avoid.”
09/10/2020
CAD finds 'reasonable grounds' of offence by AGV director
In July, the company said it had received notices from the CAD and MAS asking for information and documents in relation to an alleged offence under the SFA.
09/10/2020
Singapore's MAS issues guidelines to strengthen culture of responsibility, ethical behaviour in financial industry
The guidelines, which were released on September 10, were accompanied by an information paper on good practices in these areas.
09/09/2020
ADB finances Uzbek highway reconstruction
Road is key trade route and part of Corridor 2 of the CAREC programme
09/09/2020
APRA to Amend Liquidity Rules for Banks – Report
The changes will require banks to decrease their holdings of private sector liquid assets in favour of buying more government debt.
09/09/2020
China Announces Global Initiative to Safeguard Data Security
The initiative opposes the creation of backdoors in technology products, large-scale surveillance of other countries, and the illegal acquisition of foreign citizens’ personal data.
09/09/2020
Hong Kong Watchdog Seeks Recovery from Tianhe Scandal
SFC unveiled the issues surrounding the Tianhe listing last year including grossly lacking due diligence practices.
09/09/2020
BOCHK partners with Schroders to launch Asset Allocation Solutions
Customers can make reference to the past performance of asset allocation portfolios and customise their own asset allocation
09/08/2020
State Council Approves Rules for Financial Holding Companies
It is not yet known if there are any significant changes to the rules from those proposed by the PBOC last year.
09/08/2020
MAS to Implement CMFAS Exam Changes in Q1 2020
The RES modules will be tailored for appointed representatives trading on the respective securities and derivatives exchanges, while allowing flexibility to take new combined product knowledge modules.
09/08/2020
Philippine and Indonesia regulators ink deal to improve financial systems, boost supervision
This February, BSP, OJK and the Indonesian central bank signed another memorandum of understanding to cooperate on payment systems and digital financial innovation.