10/22/2019
Esma And Australian Securities And Investments Commission Cooperate Benchmarks
The EU Benchmarks Regulation prescribes a European common framework to ensure the integrity and accuracy of benchmarks used in the EU.
Legal, Regulation & Compliance
10/21/2019
Hong Kong lawyer cleared of perverting course of justice over allegation he suggested HK$38 million settlement to help businesswoman evade justice
Judge finds prosecution failed to reach required standard of proof on two charges against Kevin Bowers
10/21/2019
Guernsey continues to develop China’s captive market
Another distinguishing factor is the existing co-operation agreements between Guernsey and China.”
10/20/2019
Amid Hong Kong protesters’ attacks, 500 ATMs out of service for the weekend
Monetary Authority cites vandalism and safety concerns as reasons for about 15 per cent of city’s cash machines being closed
10/20/2019
LHC Capital stands by suspended iSignthis
iSignthis shares have been suspended from trading since October 2 while the regulators resolve their enquiries
10/18/2019
Bahrain wants to bridge Singapore startups to US$1.5t Gulf market
In an interview with Singapore Business Review, Almoayed talks about the incentives of expanding into the Middle East and North Africa through Bahrain’s startup ecosystem
10/18/2019
Andersen Global Expands in India with Membership of Nangia Andersen LLP
Andersen Global debuted in India over a year ago when Nangia Advisors LLP (now Nangia Andersen LLP) signed a collaborating agreement with the international association.
10/18/2019
Asia Managing Partner of offshore firm Harneys has misconduct conviction
He is also the head of its litigation, insolvency and restructuring practice.
10/18/2019
Post Crisis Reform Implementation Has Progressed in 2019: FSB
Hong Kong, India and Indonesia have each now put in place final rules on the large exposures framework, while Japan has done so for the leverage ratio.
10/18/2019
Australia: Proposal on challenges of digitalization includes new approach to profit allocation
The proposal also envisions a new nexus (permanent establishment) rule that is dependent not on physical presence in the user/market jurisdiction but on sales – a commonality among the various tax solutions discussed in 2019.
10/18/2019
Hong Kong’s Wealthy Residents Hold Cash As Protests Continue
Key findings of the report showed half of the family offices in Hong Kong anticipate a market downturn come 2020.
10/17/2019
Hedge Fund’s Liquidity Crisis Spurs Contagion Fears in Korea
The worry now is that Lime’s crisis will spook investors in other hedge funds, triggering a flood of outflows that ripples through Korean markets.
10/17/2019
Islamic finance and markets in Japan
Therefore, basically, Islamic finance products are governed by existing legislation applicable to conventional finance products in Japan, while some amendments thereon have been made to accommodate the unique qualities and characteristics of Islamic finan
10/17/2019
Australian watchdog not to appeal court ruling in IOOF case
In an unprecedented move, APRA had sought to use the Federal Court action to disqualify five IOOF executives for failing to act in their customers’ interests.
10/17/2019
Malaysia ‘open’ to settling with Goldman and dropping 1MDB charges
Thomas leads Malaysia’s negotiating team.
10/16/2019
No one reads the PDS: ASIC
Statements of advice also came under fire in the report, with ASIC and AFM finding that SOAs cannot provide consumers with skills, knowledge and experience required to accurately judge the quality of the advice they are getting.
10/16/2019
AIIP Welcomes Inquiry
Parties involved in this illegal behaviour not only include directors but also involve pre-insolvency and turnaround advisors; solicitors; insolvency practitioners and various financiers; including our major banks.
10/15/2019
Refocusing the AML Model on Evidence and Outcomes
It is thus an appropriate time to consider their impact.
10/15/2019
First State brings new funds to Hong Kong
After its retail fund push in Singapore, the firm has registered two products for retail sale in Hong Kong.
10/15/2019
Under-pressure Australian banks face fresh inquiry
Australia’s conservative government has touted itself as a reliable custodian of the economy, but is under pressure amid slowing growth and high living costs.