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
Legal, Regulation & Compliance
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.
12/15/2019
MAS pulls CT Bright Investment's licence to conduct fund management business
MAS will take stern action against financial institutions that do not abide by MAS’ directions, and will revoke the licences of financial institutions that are not serious about carrying on regulated activities.”
12/13/2019
Outcomes of review into internal market making for quoted managed funds
ASIC has identified measures firms can implement to manage these risks, set out below.
12/13/2019
Banks' Research Held Hostage By Hong Kong's Unrest?
Another executive at a separate European bank said its analysts had been told not to write about the protests in research distributed to clients such as institutional investors, as it aims to boost the bank's business in mainland China.
12/13/2019
How regtech will help in enhancing emerging Asia's financial markets
Different regulatory regimes and cultural practices across region can benefit from tapping proven, high-quality monitoring and tracking systems.
12/13/2019
APRA Issues Final Operational Risk Requirements for ADIs
APRA says the new qualitative operational risk requirements will not have implications for when and how ADIs implement and comply with the new APS 115.