05/29/2020
ASIC bans Linchpin directors
ASIC found that the three directors failed to act in the best interests of the members of the Investport Income Opportunity Fund.
Legal, Regulation & Compliance
05/29/2020
Sargon liquidators want to dig deeper
At the moment, its liquidators estimate there will be a $79 million shortfall.
05/29/2020
Offshore Business Update: Appleby
The purpose of this report is to help our clients better understand what “business as usual” in our jurisdictions* actually means.
05/29/2020
“Fairness Metrics” to Aid Responsible AI Adoption in Financial Services
These metrics will help financial institutions validate the fairness of their AIDA solutions in the two use cases.
05/29/2020
World Bank approves $500-million loan to boost PH's pandemic response
The World Bank previously approved several financial packages to help the country in its coronavirus response.
05/29/2020
Recognition and enforcement of Mainland judgments in Hong Kong
This article seeks to explain the requirements and processes of the enforcement of Mainland judgments in Hong Kong.
05/28/2020
Australian regulator urges poorly performing pension funds to find buyers, exit industry
“For some the only way forward ... may be to exit the industry and pass on the trusteeship of their funds to others who are better equipped for the task.”
05/28/2020
Asia Investment in the United States Preparation Brings Opportunities
This is especially true to the extent the initiative would help grow the US business in the US market and, through cooperative efforts with the Asia partner, enable a US company to expand its products and services in Asia markets.
05/28/2020
Hong Kong regulator okays China A-shares leveraged and inverse products
The regulator didn’t specify the other indices that are now allowed.
05/28/2020
India regulator mulls measures to lower fund redemption risks, report says
At present, a mutual fund is only required to have a minimum of 20 investors, and an individual investor can hold up to 25% of the net asset value.
05/28/2020
Japanese FIs to Be Granted Easier Access to State Aid
The government will submit a bill to Parliament with a view to bringing the changes into force later this year.
05/28/2020
Grow Super co-founder in alleged betting scandal
Grow did not name the other two employees who have stepped aside.
05/27/2020
ATO cracks down on foreign investment
As part of its scrutiny of cross-border tax evasion, the Tax Office said it was reviewing schemes that involve foreign companies
05/27/2020
Singapore to allow in-person meetings at financial institutions from June 2
The institutions will be able to have more staff on site to meet increased customer needs as some businesses re-open, and to service customers using both online and offline channels.
05/27/2020
Thailand central bank governor won’t seek second term, report says
The news report quotes Mr. Rangsan as saying that candidates will be shortlisted by July 2.
05/27/2020
China launches 5th central bank bill swap in 2020
Perpetual bonds are fixed-income securities with no maturity date and are not redeemable but pay a steady stream of interests forever.
05/27/2020
US regulator settles with Ares
Ares Management LLC is a wholly-owned subsidiary of NYSE-listed Ares Management Corporation, which managed US $149 billion in assets under management at March end.
05/26/2020
South Korea:Regulator warns against buying illegal offshore pension plans
The FSS added that a consumer who bought unauthorised foreign insurance products may be subject to a fine of up to KRW10m ($8,060).
05/26/2020
Asia's rich brush aside risk to buy Chinese developer debt
Still, there's confidence that Beijing won't allow a property collapse at a time of slowing economic growth.
05/26/2020
GSAM targets Hong Kong retail investors
The US-based firm has prepared four SFC-approved products for launch