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.
Legal, Regulation & Compliance
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.
08/08/2019
HSF commits long-term to China
Firms adds China law capability following the approval of a joint operation with Kewei
08/07/2019
SFC bans former UBS director for life
The case was referred to the SFC by the Hong Kong Monetary Authority.
08/07/2019
Appleby advises China Oil and Gas Group Limited on its issuance of USD 320 million senior notes
Appleby’s Corporate Finance team brings together colleagues from across the globe group to advise some of the world’s most prominent financial institutions and corporations on all aspects of international corporate finance law.
08/07/2019
Chinese tycoon Li Jianhua fights daughter over Canada real estate fortune
The former Chinese politician denies ‘each and every allegation’ by daughter Carol Li Xiaoqi in their battle over Vancouver assets worth millions
08/07/2019
Prudential raises CPF contribution rate for older workers to match that of younger staff
The workers' contribution drops as well, to 13 per cent, 7.5 per cent and 5 per cent respectively.
08/07/2019
Appleby Advises China Oil and Gas Group
China Oil and Gas is a national piped gas operator in China focused on providing natural gas to end customers
08/07/2019
MAS Launches Sandbox Express for Faster Market Testing of Innovative Financial Services
Eligible applicants can begin market testing in the pre-defined environment of Sandbox Express within 21 days of applying to MAS instead of taking a longer time to customise their sandboxes under the existing FinTech Regulatory Sandbox.
08/06/2019
Global sukuk issuances up 5.5% in 2018
The steady issuance volume is due to sovereign sukuk issuances from Asia, GCC countries and Africa