08/13/2019
Sebi imposes ₹40 lakh penalty on Indore based investment advisory firm
According to Sebi’s adjudication order, StarIndia committed 3 types of violations.
Legal, Regulation & Compliance
08/13/2019
Westpac wins out over ASIC on responsible home loan case
Today, Justice Perram dismissed ASIC's case against the bank, awarding costs against the regulator and leaving it negotiating with Westpac over the legal bill in reaching the failed settlement.
08/13/2019
MAS steps up scrutiny of shell companies to combat money laundering
Ms Tay told Reuters in an interview, adding that this trend was also noticed in other financial centres.
08/13/2019
Corporate and funds specialist returns to Carey Olsen in Singapore
He has also advised upon significant and high value transactions, including court-sanctioned schemes of arrangement, group restructures and migrations.
08/13/2019
Former financial adviser charged
Companies are required to meet "minimum spread requirements" under ASX listing rules, which ensure companies have at least 300 "non-affiliated" shareholders with at least $2000 worth of holdings each, before its shares can be quoted an
08/13/2019
SE Asia inches toward cannabis legalization
This marks a significant development in a region where many drug offenses still result in life sentences or executions.
08/12/2019
Billion-dollar bond scandal hits Goldman Sachs
It’s a taste of the latest scandal to blacken the name of Goldman Sachs.
08/12/2019
S. Korea’s Financial Regulator to Investigate Banks' Sales of Private Equity Products
Woori Bank and KEB Hana Bank recently put investors at risk of heavy loss by selling DLS products linked to the interest rates in advanced countries, including Germany’s interest rates on government bonds, according to investment banking (IB) indust
08/09/2019
New Zealand bankers really are nicer than Australian bankers
But the NAB/BNZ Files leaked by a whistleblower really do give some credence to the idea, even if it is only the case with one trans-Tasman parent-child banking duo.
08/09/2019
OCBC Bank arm invests $14.3m in Malaysian accounting firm YYC Group
The accounting firm said it would look to go public in five years’ time, where Malaysia will be the first choice for YYC Group to list
08/09/2019
APRA fines Westpac for failing to meet legal reporting requirements
The RFCs were also up to 28 days late in submitting their reports for the month ending 30 April 2019.
08/09/2019
Ex-senior StanChart executive fined for $500k blackmail threat
Nagarajan could have been jailed for up to six months and fined up to $5,000 for harassment.
08/09/2019
Malaysia charges 17 current and former Goldman Sachs staff in 1MDB fund fraud case
Goldman helped raise $6.5bn for the development fund involving three bond offerings dating back to 2012 and 2013.
08/09/2019
ASIC fines Finclear $70,000
The crossing of 4.1 million shares represented approximately 87% of the remaining shares of an unnamed listed company was offering to buy back.
08/09/2019
Papua New Guinea Launches UBS Loan Investigation
The scope is not only confined to investigations in this country,» he said from a local news broadcast covered by
08/09/2019
No More Bailouts? China's New Approach to Bank Stress
If that proves to be the case, it would represent another shift for the country toward more market-oriented practices.
08/09/2019
Strategic restructuring, customer experience and smart technology are key drivers for China banks' success - KPMG
China's banking industry has undergone many years of reform. Rising costs of compliance, system maintenance and human resources
08/08/2019
Appleby Hong Kong shortlisted in four categories at The Macallan Asian Legal Business Hong Kong Awards 2019
The prestigious awards aim to pay tribute to the outstanding performance of private practitioners and in-house teams in Hong Kong and around the region.
08/08/2019
SEBI releases consolidation paper recommending changes to PMS regulatory framework
The challenge comes in the difficulty in calculating PMS returns, as the portfolios under each scheme are not standardised.
08/08/2019
ASIC Proposes Regulatory Guide on Whistleblower Policies
Proposed Regulatory Guide Whistleblower policies explains how companies can establish, implement and maintain a policy.