07/20/2018
HSBC fined $1.2m in Hong Kong for 'systemic deficiencies' in bond sales
SFC reprimands and fines HSBC Broking Securities (Asia) Limited $9.6 million
Legal, Regulation & Compliance
07/20/2018
Finma finds Rothschild Bank in 'serious breach' of AML rules
FINMA will appoint an audit agent to review enhancements already put in place by the institutions.
07/20/2018
APFT sues former chairman for misappropriation of funds
The company had also applied for an interim injunction against Faruk to bar him and his representatives or nominees from participating in the management of the company, as well as restrain him from exercising his voting rights attached to the company shar
07/19/2018
Indonesian central bank aims to revive country's sluggish property market
It is scrapping the 15% minimum mortgage downpayment for first-time buyers, for example
07/19/2018
Super fund shortlist practically advice: IOOF
Instead, a list of 40 super funds should be used in the medium term that would likely diminish as funds and MySuper products inevitably merge, IOOF said.
07/19/2018
Hong Kong Regulator, Banks Launch Blockchain-Based Trade Finance Platform
The sector is often described as one of the most manual and paper-orientated parts of the financial services industry.
07/19/2018
Appleby Advises On 37 HKEX Listings In First Half Of 2018
Between January and mid-July, Appleby advised on 37 listings in Hong Kong, with an aggregate amount of more than HK$3.1 billion.
07/19/2018
The Compliance Complexity Index 2018 - TMF
At the same time, legal and tax teams need to know what jurisdictions are complex for handling compliance issues.
07/18/2018
Panama Papers: Politician to chawl resident, first cases sent to court
Panama Papers: At least 16 Indians face prosecution, cases were filed after foreign jurisdiction sent information on holdings, asset.
07/18/2018
Bank of Asia to host official BVI launch
The British Virgin Islands is the appropriate home for Bank of Asia because the BVI is at the forefront of delivering high quality technological and innovative offshore services.
07/18/2018
South Korean banks scramble to hire experts on the North
Talent holding master's or doctorates sought amid growing expectation of economic cooperation
07/18/2018
New products, standards buoy Islamic trade finance business
Some firms are now introducing digital Islamic trade finance platforms, including Emirates Islamic Bank which has launched an online supply chain tool, CIBAFI said.
07/17/2018
Bank of East Asia secures approval to open full branch in China
The approval, awarded by the China Banking Insurance Regulatory Commission, will enable BEA China to upgrade its Shenzhen Qianhai sub-branch into a full branch.
07/17/2018
Mediation in Singapore Insolvency Matters
How would such mediations be used and what benefits await creditors and insolvent debtors?
07/17/2018
S. Korea, Singapore agree on closer cooperation in fintech sector
"This will reduce the time needed for companies to expand to the other market," it said.
07/17/2018
The BVI Extends Visa Exemption to PRC Nationals - Conyers Dill & Pearman
The visa exemption is a significant development which will facilitate business transactions involving Chinese companies and investors/directors, supporting the BVI’s position as the leading offshore jurisdiction for corporate domicile and structurin
07/16/2018
Cryptocurrency laws and regulations in Taiwan
The Taiwan government is also discussing, but has not concluded, developing further regulations for ICOs, and it is the hope of industry proponents that the need for government oversight will be minimized through the industry’s self-regulation.
07/16/2018
Cryptocurrency laws and regulations in The Philippines
The Philippine economy is built on remittances from overseas Filipino workers, who contributed US$33 billion to the country’s US$400 billion GDP in 2017.
07/16/2018
UAE a key Middle East stop along China’s Silk Road initiative
The value of trade between the two countries grew 15.1% year-on-year in 2017
07/16/2018
China's central bank regulates forced cashless payment
A report from global market research firm Ipsos showed that China reached about 890 million mobile payment users in the first half of this year.