03/01/2019
Philippine pension fund SSS to double foreign investment to 15%, report says
This will allow the fund to “diversify its portfolio and boost its revenue”, Mr. Dooc says in the February 6 report published on the PhilStar Global website.
Legal, Regulation & Compliance
03/01/2019
The Asian Banking and Finance Sector; 2019 and beyond [Brought to you by Appleby]
China has recently introduced a series of cybersecurity and data protection regimes which can and will affect the operation of the banking and finance sector.
03/01/2019
Shearman establishes presence in South Korea
They will also work closely with lawyers based in other offices including on Korea-related arbitration, antitrust and funds matters.
03/01/2019
MUFG Bank to end over-the-counter int'l cash transfer to combat crime
MUFG Bank will also ask more detailed questions when a customer opens a new account, such as the purpose of doing so, the sources said.
03/01/2019
India, Brunei sign pact to exchange information on tax, banking matters
The agreement also provides for mutual assistance in collection of tax revenue claims between both countries, according to an official statement.
03/01/2019
J Safra Sarasin gets first China inbound quota
Bank J Safra Sarasin became a first-time RQFII recipient, while Allianz GI doubled their quota, according to records from the regulator.
03/01/2019
Hong Kong Court Dismisses Short Seller’s Trading Ban Appeal
The tribunal ruled in 2016 that Left had committed market misconduct
03/01/2019
Ogier advises LionRock on acquisition of Inter Milan stake
We are delighted to have acted for LionRock
03/01/2019
India and Brunei sign tax information exchange agreement
If approved by the two counties, the TIEA will help to curb tax evasion and provide much needed mutual assistance between the revenue officials of these two countries.
02/28/2019
Mourant wins India Business Law Journal Deal of the Year
The team working on the matter comprised Mourant lawyers based in Guernsey, Jersey and the British Virgin Islands.
02/28/2019
How far has Korea's FSS got in investigation of Merrill Lynch high-speed trading case?
The FSS and KRX had strengthened their monitoring of the investment bank after a large number of retail investors
02/28/2019
Former China Development Bank official punished for 'disciplinary issues'
Guo did not pay private contractors who renovated the bank’s office building for renovations to his own home and sold his home to a bank loan client at a price clearly above market value, the statement said.
02/27/2019
RBI suggests major changes to top bank executives' pay structure
Banks are required to put in place appropriate modalities to incorporate malus/ clawback mechanism in respect of variable pay.
02/27/2019
Singapore becomes India's top FDI source, Mauritius slips behind
Singapore crossed 41 per cent during April and December 2018 to nearly USD 13 billion.
02/27/2019
'Best in show' a no go: KPMG
Seven opted to change product pricing or fees to increase competitiveness, while a further five were discovered to have better performance than first appeared.
02/26/2019
Appleby advises on several of China Business Law Journal's 'Deal of the Year'
The leading offshore law firm advised on two award winning transactions.
02/26/2019
Hajj application process under govt scheme begins
The Ministry of Religious Affairs earlier announced that 200,000 Pakistanis will perform Hajj this year.
02/26/2019
Regional banks eyed to help small businesses find successors
Panel to mull giving Japanese lenders more stakes in rudderless companies
02/25/2019
Chief economist update: The RBI surprises (again)
Can't blame them, although Indian inflation was slowing at the time, the rupee's depreciation and soaring oil prices gave perfect rationales for these rising inflation expectations.
02/24/2019
Australian watchdog finds widespread inappropriate advice at HSBC
The EU followed a proactive ASIC surveillance of HSBC's advice on retail structured products.