10/07/2018
Maybank gets nod for CFS business in Singapore
MSL will operate as a subsidiary of the Maybank Group with Asian Currency Unit capabilities in Singapore.
Legal, Regulation & Compliance
10/07/2018
China slashes banks' reserve requirements to spur growth
Reserve requirement ratios (RRRs) - currently 15.5 percent for large institutions and 13.5 percent for smaller banks - would be cut by 100 basis points effective Oct. 15
10/05/2018
Maybank gets regulatory nod to locally incorporate retail business and SME banking in Singapore
The effective date for the transfer is set at Nov 5, 2018.
10/05/2018
Societe Generale to issue NT$1.6 billion green bond in Taiwan
The proceeds of the issuance will be used to fund renewable energy projects in Taiwan, including the successful project financing of the Formosa 1 Offshore Wind project, Taiwan's first commercial-scale offshore wind farm
10/05/2018
Luxembourg and Australia agree fintech pact
Both our jurisdictions are leaders in funds management and other financial services. ASIC is very interested in learning from the fintech and regtech innovations that are taking place in the Grand Duchy.
10/05/2018
Indian reforms may change banking
It is a source of great optimism that India is adopting digital technology at such a fast pace.
10/04/2018
Malaysian Ex-First Lady Nabbed
Since the 66-year-old's husband, Najib Razak, was voted out in May, they have suffered a stunning fall from grace and reckoning in the scandal surrounding 1MDB scandal.
10/04/2018
ASIC appeal convicts former CBA planner
The CDPP subsequently filed a notice of appeal against the sentence on the basis that it was "manifestly inadequate.
10/04/2018
Singapore legalises new fund management structure
The new bill enables fund managers to both manage and domicile their funds in Singapore.
10/04/2018
Indian Man In Singapore Faces Jail, Caning For Extortion From Bank
He allegedly threatened to publish a defamatory libel against the global head of digital banking at Standard Chartered Bank, unless he paid SGD 500,000.
10/04/2018
Value Partners’ robo firm loses licences
Value Partners Technology Systems no longer has its licences in Hong Kong after the regulator removed them last month.
10/04/2018
Global Financial Institutions Fined $26 Billion for AML, Sanctions & KYC Non-Compliance Since 2008 Financial Crisis
Over the past ten years, regulators across the US, Europe, APAC and the Middle East have levied nearly $26 billion dollars in financial penalties against financial institutions for AML/KYC and sanctions-related violations.
10/04/2018
Nomura looks to Paris as post-Brexit EU lending hub
Japanese bank joins global peers in moving some business to French capital
10/04/2018
Ex-regulator launches Japanese antitrust boutique after exit from Mori Hamada
At Mori Hamada, where Ikeda was a counsel, he worked on cartel, merger review, and other types of antitrust/competition cases. Earlier, he was an associate attorney at Oh-Ebashi LPC & Partners.
10/03/2018
Guernsey offers ‘one-stop shop’ for financial services in China
Having Guernsey practitioners present with experience of working in China was a real benefit as delegates could hear direct from the experts.
10/03/2018
Taiwan unveils privileges for overseas managers
The FSC review assesses three major categories: Taiwan onshore presence; local assets under management; and cultivation of local talent.
10/03/2018
Singapore could lure global wealth with passage of new VCC Bill
The Bill takes reference from similar corporate fund structures available in other global investment fund centres
10/03/2018
Japan's Suruga Bank faces partial lending ban over scandal
FSA to order suspension of real estate financing
10/03/2018
Alpadis Group expands presend in Hong Kong with new acquisiton
The acquisition is pending regulatory approval.
10/03/2018
Ogier's Kate Hodson nominated to retain Asia Women in Business Law Awards offshore award
The awards celebrate the advancement of women in the legal profession throughout the region, and recognises individuals as well as the best firm-wide initiatives for gender diversity, innovation, work-life balance, pro-bono work and talent management.