08/04/2020
How HSBC’s gamble on China failed to pay off
The group publicly backed Beijing’s controversial Hong Kong security law, angering critics in the west. Welcome to life on a geopolitical fault line, writes James Moore
Legal, Regulation & Compliance
08/03/2020
Singapore introduces regulatory regime for insolvency practitioners as new law comes into force
Banking law expert Jia Lin Ho of Pinsent Masons, the law firm behind Out-Law, said the legislation was good news for businesses and practitioners.
08/03/2020
China to extend grace period for asset management rules to end-2021
The grace period for implementation had been set for the end of 2020.
08/03/2020
HSBC treads a fine line between angering China and alienating the west
The bank’s support for Hong Kong laws will see boss Noel Quinn in a tricky spot this week as he reveals its latest results
08/03/2020
Islamic finance seen as driver for FDI inflow to Philippines, say govt officials
“Islamic banking will surely help Peza achieve its vision in promoting economic growth in the countryside,”
08/03/2020
Regulatory, legal exam questions trip up advisers
A total of 10,239 advisers sat the exam in June - with the exam held online due to COVID-19 restrictions.
08/03/2020
Culture Audits: Removing the Blindfold
Starling’s annual Compendium series has traced an evolution in thought regarding the supervision and governance of conduct risk among bank regulators and industry leaders, worldwide.
08/03/2020
HKMA Relaxes Rules on Retail Sales of Government Bonds
Where there is no risk mismatch, audio-recording is not required, and a companion for vulnerable customers is not required.
08/03/2020
PBOC Extends Deadline for New Asset Management Rules
The transitional period, originally set for the end of 2020, has been extended to the end of 2021.
07/31/2020
Trade Bodies Jointly Commit to Tackling Market Inefficiencies
With the completion of post-crisis regulatory reforms, market participants are now turning their attention to how they can use new technology solutions to optimise their systems, processes and data, the letter says.
07/30/2020
Singapore's DBS and GovTech pilot Singpass face verification technology
Signing up for digital banking services with DBS just got faster.
07/30/2020
Singapore central bank revokes Apical’s licence for breach of anti-money laundering rules
The central bank reprimanded Yeh Yin Yee and Bernard Kan Cheok Yin, Apical’s only directors, for failing to discharge their duties and functions to ensure compliance with the rules. Mr. Yeh is the firm’s chief executive officer.
07/30/2020
Singapore Industry Consultation Proposes to Discontinue SIBOR
The proposals arise from global efforts to reform interest rate benchmarks.
07/30/2020
MAS Asks Singapore-headquartered Banks to Cap Dividends
MAS stress tests have shown that the local banks would remain resilient even under adverse conditions consistent with a serious and prolonged public health crisis.
07/30/2020
HUB24 awards super trustee mandate
Earlier in the year, it was appointed to AIA-owned CommInsure superannuation funds.
07/30/2020
Macquarie fired 32 people in "consequence management
"Importantly, the circumstances surrounding all of these matters were analysed and it was found that these were isolated matters with no evidence of broader systematic issues."
07/29/2020
The Chamber of No Secrets: What Tech and Data/Content-Driven Companies Need to Know about the Hong Kong National Security Law
On 30 June 2020, the Law of the People’s Republic of China on Safeguarding National Security in the Hong Kong Special Administrative Region
07/29/2020
ASIC bans Hobart adviser for five years
The banning of Mr Horton is part of ASIC’s ongoing efforts to improve standards across the financial services industry.
07/29/2020
Tokyo, Sydney move to woo HK financial firms, but S'pore is top draw
Regional rivals hope to benefit from concerns over Beijing-imposed security law in HK
07/29/2020
Conyers Hong Kong Webinar Series – a great success!
The webinar series received an overwhelmingly positive response and attracted nearly 400 attendees, including CEOs, CFOs, company directors, general counsels, in-house counsels, investment managers, onshore lawyers, accountants and company secretaries etc