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Legal, Regulation & Compliance

07/12/2019

Laid-off expat bankers struggle to find new jobs in Hong Kong

At the same time, the city's famously expensive living costs, including some of the world's highest rents, mean that even senior bankers need to find new jobs fast in order to stay.

07/12/2019

OCBC, police use tech to boost fight against financial crime

Project Poet was launched yesterday by Mr T. Raja Kumar, deputy secretary (international and training) at the Ministry of Home Affairs.

07/12/2019

HSBC blasted by Hong Kong protest leader: Bank urged to apologise after boss praised Chinese regime

He accused HSBC of failing to understand what is really going on in China – and urged it to apologise.

07/12/2019

PNB scam: Enforcement Directorate attaches Mehul Choksi's Dubai assets worth Rs 24.8 cr

The agency has seized three commercial properties in Dubai, valuables, a Mercedes Benz E280 and fixed deposit account controlled by accused Choksi

07/12/2019

Japan Post Vows to Compensate Customers in Insurance Sales Scandal

Insurance sales have been a major source of income for Japan Post, which has been pressured by declining mail volumes.

07/12/2019

ASIC Review Finds Widespread Mis-selling of Consumer Credit Insurance

ASIC also noted widespread mis-selling, where consumers were given non-compliant personal advice to buy unsuitable policies, and sold CCI despite not being eligible to actually make claims.

07/12/2019

APRA sticks to rigid member outcomes deadline

By December 2019 end, APRA expects all trustees to update or be in the process of updating their strategic objectives, business plans and expense management.

07/12/2019

Investors launch legal action against ANZ as bankers of Ponzi scheme

The group says it represents investors in Ross Asset Management and is based on an investigation undertaken by the Financial Markets Authority into how ANZ handled Ross Asset Management's bank accounts prior to its collapse in late 2012.

07/12/2019

Japan tightens regulations on working hours and more

This unspoken arrangement between Japanese companies and their workers eventually became known as Yoshida’s lifelong employment system, and it continues to shape Japan’s working culture.

07/12/2019

DLA Piper advises IMF Bentham on new USD500 million fund

Fund 5 has been established as a Cayman Islands exempted limited partnership, with IMF Bentham and its related entities providing investment management and advisory services.

07/12/2019

TAIWAN: Explanatory ruling issued on definition of beneficial owner for treaty purposes

The explanatory ruling introduces a favorable self-declaration mechanism to mitigate the compliance costs of FINIs investing in Taiwan’s securities market and seeking DTA benefits.

07/11/2019

Life in the era of fintech: The evolving story of ASEAN’s banks

Fintech startups are disrupting traditional banking across the globe. How are ASEAN’s banks responding to this crisis of obsolescence?

07/11/2019

Bank of Singapore’s Hong Kong CEO on Developing a Greater China Proposition

Tan has been with Bank of Singapore since 2010 and since January 2018 leads the overall strategy to drive the bank’s presence in Greater China and North Asia, with a strategic focus on the Guangdong-Hong Kong-Macau Greater Bay Area.

07/11/2019

Australian watchdog to toughen licensing process in financial services

Applicants, who aim to provide certain financial services or operate in specific circumstances, will also come under the purview of new regulations.

07/11/2019

Former financial adviser jailed

ASIC said losses to Gibbs' clients came to a total of approximately $4.88 million

07/11/2019

VP Bank Eyes China Market Through Hywin Wealth

VP Bank Group offers comprehensive wealth management solutions for private individuals and intermediaries.

07/11/2019

APRA Orders A$500m Capital Charge for ANZ, NAB, Westpac

In May 2018, APRA ordered CBA to apply a AUD 1 billion dollar capital add-on in response to the findings of the Prudential Inquiry into the bank.

07/10/2019

Two Sydney-based advice firms join forces

The Partners of Minchin Moore are delighted to welcome Cathryn to our Team and feel certain she will play a key role in our future direction.”

07/10/2019

Avoiding legal pitfalls in charitable giving in Singapore

Some people prefer to make donations during their lifetime; some prefer for their donations to take effect only upon their passing.

07/10/2019

APRA Raises Capital Requirements for Big Banks

APRA has decided to raise total capital at the big four banks by 3 percentage points of risk-weighted assets by 1 January 2024.

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