12/20/2018
Singapore’s MAS bans Tim Leissner for Life
This comes after an admission to criminal charges brought against the former employee by US authorities
Legal, Regulation & Compliance
12/20/2018
Singapore central bank bans former Goldman Sachs' banker for life
This follows Mr Leissner’s admission to criminal charges brought against him by the United States Department of Justice.
12/20/2018
Third Canadian detained in China amid Huawei case
Asked why the government had not done more to have the Canadians released, he said, “Political posturing or political statements aren’t necessarily going to contribute... They might actually hinder Canadians’ release.
12/20/2018
Citi to tighten rules for currency funds after Asia debacle
Bank tells hedge fund clients it is reviewing rules after facing up to $180m in losses
12/20/2018
ASIC suspends registration of Sydney liquidator
The orders were granted on the application of various partners from Jirsch Sutherland, the practice at which Ms Young was most recently employed, who have since been appointed as the external administrators to 22 companies where Ms Young had been the sole
12/20/2018
ASIC reviews allocations practices in equity raising transactions
The licensees appointed to manage these transactions for the issuer must appropriately manage conflicts of interest and confidential information about transactions.
12/20/2018
ASIC obtains freezing orders against Berndale Capital Securities and Stavro D’Amore
Berndale and ASIC appeared before Justice O’Callaghan in the Federal Court in Melbourne on 19 December 2018, following ASIC’s initial application and interim orders made on 5 December 2018.
12/20/2018
ANZ sees dealer group sale as a done deal
He said that in the past three years, ANZ had changed its business more than at any time since 1951 and that it had announced the sale and exit of more than 20 businesses.
12/20/2018
High-flying investment bankers, reclusive billionaires, and 'The Wolf of Wall Street': a guide to the major players in Malaysia's 1MDB scandal
A Malaysia Development Berhad billboard at the flagship Tun Razak Exchange development in Kuala Lumpur.
12/20/2018
Massive first strike on CEO pay at NAB
The blow comes just before the CEO is about to take extended leave to recharge his batteries, and shows just how much the Royal Commission has empowered investors to hold banks up to greater scrutiny.
12/20/2018
Value Partners’ flagship fund gets okay for China distribution
The Value Partners Classic Fund, which is focused on Greater China, was launched in Hong Kong in 1993 and has approximately US$1.04 billion of total assets under management currently.
12/20/2018
With eye on China, Germany tightens foreign investment rules
Under the new rules, which come into effect immediately, Berlin can intervene on grounds of public interest if a non-European investor buys a 10 percent stake in a company, sharply reducing the threshold from 25 percent.
12/20/2018
Kyrgyzstan, Japan discuss trade-economic cooperation, avoidance of double taxation, prevention of tax evasion
Additionally, the officials discussed possibilities for launching joint car assembly enterprise in Kyrgyzstan.
12/20/2018
US$6.4 trillion halal economy lures Malaysia’s biggest Islamic bank to go global
The size of the world’s halal economy, which caters to Muslims by complying with the religion’s tenets, has nearly tripled from 2012.
12/19/2018
World Bank cuts Malaysia's 2018 growth forecast
External headwinds, limited fiscal room risks to near-term economic expansion
12/19/2018
Goldman Sachs Ignored 1MDB Warning Signs in Pursuit of Asian Business
Firm blames rogue bankers for dealings with scandal-plagued Malaysian investment fund, but engaged in lax oversight of partners
12/19/2018
Conyers Announces Recipient of Annual Hong Kong Commercial Law Prize
The Conyers Dill & Pearman Prize in Commercial Law was established in 2010 by Conyers’ Hong Kong office in conjunction with The University of Hong Kong.
12/18/2018
JB Financial Group Signs a Strategic MOU with CIMB Niaga for the Open Banking Platform Business in Indonesia
The cooperation will drive greater financial inclusion in Indonesia and contribute to building financial stability in the financial services industry.
12/18/2018
Malaysian bank CIMB denies security breach after customers say accounts compromised
The statement came hours after Mr Vijandren Ramadass, the founder of tech portal Lowyat.net, made a posting about the alleged breach on Sunday.
12/18/2018
Judy Lee is announced as one of “China’s elite top 50 lawyers (foreign firms)” by China Business Law Journal
The inclusion comes as a result of the publications annual survey which ranks 150 elite lawyers (100 of whom are from Chinese law firms and 50 of whom are from foreign law firms) involved in China business.