12/19/2019
Chinese Regulators Approve J.P. Morgan Securities Venture
We will continue to invest in and fully support our business in the country, which has become a critical market for many of our domestic and global clients
Legal, Regulation & Compliance
12/19/2019
ASIC consults on guidance for the new product design and distribution obligations
The legislation has provided a two year transition period for industry to meet the new design and distribution obligations.
12/19/2019
ASIC updates internal governance and accountability frameworks
The framework articulates how ASIC’s Commission collectively exercises its functions and powers to deliver ASIC’s statutory objectives.
12/18/2019
Asic takes court action against NAB for fees for no service and fee disclosure statement failures
It is also ASIC’s case that NAB engaged in unconscionable conduct from at least May 2018 by continuing to charge ongoing service fees to certain customers when it knew that it had not delivered the services and had issued defective FDSs or at least
12/18/2019
Howden partners with Guardian Brokers to boost Middle East presence
Together with Howden’s international network of partner brokers, the group’s TMEA region now encompasses 17 territories, it said.
12/18/2019
Ex-Goldman Sachs director charged in US over 1MDB role
The SEC has issued a penalty of $43.7m in accordance to a separate forfeiture order
12/18/2019
Japan's GPIF seeks lawyers to advise on private market investments
GPIF has been using private investment legal advisory services since 2015, a year after it ventured into alternative investments.
12/18/2019
Industry veteran arrested
He has been charged with six counts of possession of child abuse material and was granted strict conditional bail.
12/18/2019
AMPFP ceases MDA services
AMPFP ceased providing MDAs on December 10.
12/18/2019
NAB Sued for «Fees for No Services»
The customer may not therefore have been provided with the opportunity to know whether they have received the services for which they have paid or the amount of fees charged to them.
12/17/2019
Bank of England says Hong Kong unrest led to $6.7 billion exodus from funds
The Bank of England is particularly concerned by events in Hong Kong because of the outsized exposure of British banks.
12/17/2019
Asian financial firms face 'benchmark-aggedon' as tough EU rules near
Organisations that compile and publish market indexes outside the European Union were in February given an extension to the end of 2021 to comply with the EU’s benchmark regulation.
12/17/2019
Nomura Signs Final Agreement for Comprehensive Business Alliance with San-in Godo Bank and Gogin Securities
The alliance is subject to regulatory approval, respective company-related approvals and the signing of other necessary agreements.
12/17/2019
Philippine court dismisses case seeking $3.9b of Marcos wealth
Country's anti-graft court decided in favour of the Marcoses for the 4th time since August
12/16/2019
UOB, DBS, StanChart provide S$945m green loan to Allianz, Gaw for Duo deal
The syndicated loan will finance the S$1.575b joint acquisition of Duo Tower and Duo Galleria from M+S
12/16/2019
Singapore Fintech Ditches Plans for Digital Bank License
Nanu said his company will focus on serving businesses in more than 40 markets.
12/16/2019
MLC Life loses super fund mandate
OnePath will provide default superannuation cover (death, total and permanent disability and income protection) and voluntary cover.
12/16/2019
Adapting to the World of Regulation: How Asia’s HNWIs Can Overcome the Hurdles Ahead
CRS and substance driving change in the family office space
12/16/2019
Mourant Hong Kong a leading offshore firm in Asia
The firm maintained its high ranking in the Asia-Pacific edition of Chambers and Partners, reflecting its ongoing strategic expansion in Asia.
12/15/2019
Malaysian Re, Pacific Life Re sign takaful deal
This will help expand Malaysian Re’s access to international data and harness underwriting technology provided by Pacific Life Re’s fully-owned subsidiary, UnderwriteMe, it said.