12/27/2019
Rescued Chinese bank’s ex-chair set for life in jail
Death sentence for embezzling $110m likely to be commuted at end of 2-year reprieve
Legal, Regulation & Compliance
12/27/2019
S. Korea finalizes guidelines on pension fund's shareholder activism
The country's business community voiced concerns that the NPS could unduly interfere in business operations.
12/27/2019
Malaysia to open up banking sector to up to 5 new online lenders next year
The move by Bank Negara Malaysia comes as regulators across Asia opening up banking sectors to new digital players using technology to offer financial services.
12/26/2019
Bar set high for insurance sandbox play
In Singapore, the rejection rate for the regulatory sandbox project was as high as 90 per cent
12/26/2019
Govt outlines pension reform for graying society
The income level for reducing pensions for workers aged 60 to 64 will be changed from over ¥280,000 a month to over ¥470,000. The new income threshold will be equal to the existing one for workers of 65 or older.
12/26/2019
Thai regulator plans stock exchange for SMEs and startups, report says
The new equity exchange will be organised and run by the Stock Exchange of Thailand," she says in the December 22 report.
12/26/2019
Other challenges of sharia banking in Indonesia
This can be achieved mainly through improvements in business efficiency and a focus on well-known business segments.
12/26/2019
Taiwan FSC Outlines Bank Examination Priorities for 2020
The three digital banks were awarded licences in July and are expected to start operating in the first have of the new year.
12/25/2019
Sandigan justice says State has recovered enough of Marcos wealth
She said that it has already been judicially established that the Marcoses have ill-gotten wealth or illegally acquired properties. But the question remains as to which assets and properties are part of such illegally-acquired wealth.
12/25/2019
Nearly one-third of China’s unruly trust industry fined in 2019
The fines come as part of a continuing crackdown on trust firms’ misconduct, which includes illegally fueling off-balance-sheet lending via the so-called “channeling business
12/25/2019
Survey: Hong Kong banking sector shows widespread interest in AI-based chatbots
Chatbots are one of the top three most popular applications among the 27 listed in HKMA survey.
12/24/2019
Conyers advises Bosideng International Holdings
Bosideng and its subsidiaries are principally engaged in the apparel business, with a developed expertise in down apparel in PRC, in which it has been widely recognised by consumers as an industry leader.
12/24/2019
Conyers advises Redco Property Group
Partner Flora Wong and Associate Ryan McConvey of Conyers’ Hong Kong office advised on the matter working alongside Sidley Austin.
12/23/2019
How ‘rogue’ teen Steve Weston founded $240 million digital bank Volt
Steve Weston admits he was never a great student who “wasn’t destined for much” until a chance encounter landed him a dream job.
12/23/2019
China should step up regulation of artificial intelligence in finance, think tank says
Technology to regulate intelligent finance - referring to banking, securities and other financial products that employ technology such as facial recognition and big-data analysis to improve sales and investment returns
12/23/2019
Foreign brokerage slams Korea for 'socialist' policies
The analyst mentioned latest property measures, restriction of Tada's ride-hailing services and conviction of Samsung Electronics executives for allegedly trying to block the formation of a labor union as examples of socialist policies here.
12/23/2019
Bank of Japan introduces ETF leading facility
The BOJ did not provide a starting date for the new facility, saying that it will be decided by Governor Haruhiko Kuroda.
12/23/2019
Bank Of China Handpicks Amundi for Joint Venture
The asset manager, which is majority-owned by Amundi, is slated for launch in the second half of 2020.
12/23/2019
Police freeze $26m of Aussie tech unicorn's funds after alleged fraud
The funds flowed through Airwallex after Uruguayan company Ciklus was allegedly defrauded.
12/20/2019
18 misconceptions about FASEA code
Patterson refers to himself as "a lawyer with no dog in the race" and blames comments by advice industry bodies and the media for contributing to confusion around the code.