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Legal, Regulation & Compliance

11/15/2019

As recession takes hold, Hong Kong banks worry about risk of easier mortgage rules

But as the protests take a heavy toll on the special administrative region's economy, banks fear a deepening recession, unemployment and bankruptcies, which could make it hard for borrowers to pay them back, two bankers said.

11/15/2019

Hong Kong protests prompt Citigroup to warn employees to avoid 'dangerous situations' after banker arrested

An officer accuses him in Cantonese of illegal assembly and says he is being arrested. The man tries to walk away and eventually to run away.

11/14/2019

Japanese giant acquires Hunt, grows multifamily banking business

The commercial real estate lender offers the full range of Fannie Mae, Freddie Mac, and FHA financing, as well as proprietary bridge, term, and subordinated products.

11/14/2019

Philippines National Security Adviser warns of threat Crypto presents to CFT

Terrorist entities using the threat of or carrying out of kidnapping to extract ransom fees or to raise funds through extortion allows organisation to fund themselves or facilitate terrorist attacks.

11/14/2019

SFC fines UBS for Overcharging Clients and related Internal Control Failures

UBS has undertaken action to compensate clients that have been affected by instances of overcharging, with the bank repaying the full amount that has been overcharged with interest, totalling an approximate value of HKD200 million.

11/13/2019

Fearing capital flight, Hong Kong eyes tax breaks for the rich

Territory's $1.5 trillion wealth industry lobbies for help amid the protests

11/13/2019

New Zealand: Tax evasion and money laundering linked to freezing of 15 Gisborne properties and $10m

He boasted to an undercover police officer about owning a large number of properties in New Zealand

11/12/2019

Despite liquidity Chinese issuers face challenges

Easing measures have helped further grow China’s onshore bond market but some issuers may still not get financing

11/12/2019

MAS to Establish Singapore as a Leading Centre for Green Finance

This will help to support the Singapore financial centre in promoting environmentally sustainable projects and mitigating climate change risks in Singapore and the region.

11/12/2019

Canadian Securities Regulators and MAS Strengthen Cooperation in FinTech

The agreement sets out the framework of collaboration between the CSA members and MAS.

11/12/2019

MAS, Deloitte, S&P Launch Fintech Investment Research Platform

This limits their view of all the companies in which they might deploy capital.

11/11/2019

British-Era Indian Accounts Lying Dormant in Swiss Bank, No Claim For Crores

India is among 75 countries with which Switzerland's Federal Tax Administration has exchanged information on financial accounts within the framework of global standards on AEOI .

11/11/2019

Appleby advises China Tianbao Group Development on its global offering and main board listing on the Hong Kong Stock Exchange

The team was led by Counsel Vincent Chan and assisted by Associate Huiyan Liew of Appleby’s Hong Kong office.

11/11/2019

Westpac chief believes in financial advice

The Westpac boss also warned of the effects of growing "red tape" which he said is restricting business investment.

11/11/2019

MAS Helps Develop Blockchain-based Prototype for Multi-Currency Payments

This prototype network, developed by MAS in collaboration with J.P. Morgan and Temasek, has the potential to improve cost efficiencies for businesses.

11/11/2019

Singapore Fintech Association and Indian Chamber of Commerce agree fintech pact

This agreement was signed at the opening ceremony of the first ever Singapore Pavilion at the Singapore FinTech Festival 2019

11/11/2019

UBS Fined by Hong Kong for a Decade of Overcharging Clients

To hide the charges, UBS sometimes falsified account statements

11/08/2019

India government pension scheme opens to overseas citizens

Official figures reveal over 31.8 million people, including NRIs, joined the tax advantaged scheme

11/08/2019

Hong Kong, Southeast Asia fintech groups team up to promote cloud-based platform in Asia

The two groups will also support the fintech industry’s interactions with regulators and government bodies.

11/08/2019

Linklaters advises the PRC government on its €4 billion bond offering

The successful issuance is testimony of China growth and the strong confidence of international investors in the sovereign credit of China

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