08/16/2018
ASIC's concerns over NAB fees revealed
The corporate regulator has outlined suspected offending by National Australia Bank in a document released by the banking royal commission.
Legal, Regulation & Compliance
08/16/2018
Appleby Hong kong Shortlisted For Five Awards
Appleby Hong Kong has also been nominated by the China Law & Practice Awards for M&A Deal of the Year, Private Equity Deal of the Year and Offshore Firm of the Year.
08/16/2018
Macau revokes 13 offshore permits in first half of 2018
The two banks were previously being the only authorised banks to have offshore operations in Macau.
08/16/2018
Australia's AMP channeled pension funds to subsidiaries: inquiry
Michael Hodge, a barrister assisting the commission, asked Allert whether as chairman of the trustee it “seems strange to you” that the payments would not have been legally documented.
08/16/2018
Businessman loses N177.5m to Chinese fraudster, sues bank
Emmanuel said because of his long-standing banking relationship with Zenith Bank, he insisted that Muna should provide a Zenith Bank account.
08/16/2018
Hong Kong tightens rules for financial advisers
They are also expected to make at least a one-off disclosure on whether or not they are independent before or at the point-of-sale.
08/16/2018
HK targets fugitive Chinese tycoon accused of laundering billions
Details of the Hong Kong police probe emerged from court documents submitted as part of a request for a judicial review against the freezing of various assets linked to him.
08/15/2018
Singapore Fund Manager Clears Hurdle
The 11-year-old asset manager specializes in Asian mid-cap equities and Asian high-yield bonds.
08/15/2018
Carey Olsen shortlisted for 2018 China Law & Practice Awards
Carey Olsen has been shortlisted for Offshore Firm of the Year at the 2018 China Law & Practice Awards.
08/15/2018
Linklaters, KWM Take Lead on $1.2B Indonesian Gold Mine Sale
A Jardine Matheson-backed Indonesian explorer will acquire one of the largest gold mines in the country as Australian and U.S. investors exit.
08/15/2018
Insider trading rule under Financial Instruments and Exchange Act
This update provides a brief introduction to the insider trading rule – in particular, how it differs from the fair disclosure rule.
08/14/2018
ASIC warns banks must do more to curb adviser fraud
By the time the Sherwin group of companies collapsed in January 2013 they owed nearly $60 million to approximately 400 clients.
08/14/2018
Government To Remove Former PNB Chief Ananthasubramanian From Service
The government also gave permission to the CBI to prosecute Sanjiv Sharan, former executive director of the PNB, the official said.
08/14/2018
How a Swiss bank was toppled by a financial scandal in Malaysia – and what can be learned from it
When in 2014 it was reported that 1MDB had amassed US$11 billion in debt, posing a threat to the Malaysian ringgit, the scandal began to unravel.
08/14/2018
Latest bank victory – Hong Kong High Court dismisses mis-selling claim
Apart from the contractual terms, the relative sophistication and character of the customer in question was also highly relevant to the court's decision.
08/14/2018
ASIC bans ex Macquarie Private Wealth advisers
It is understood the pair lodged an appeal with the Administrative Appeals Tribunal on Tuesday morning.
08/13/2018
World Bank hires Commonwealth Bank of Australia to issue first global blockchain bond
The new debt instrument named bond-i will be created and managed with distributed ledger technology
08/13/2018
Turkey sees long-term partner in China
President Erdogan says his nation, amid crisis with Washington, may be forced to seek out 'new friends'
08/13/2018
China moves to fight rising P2P risks with 10-point plan
Since June, 243 online lending platforms have gone bust amid an intensifying crackdown on shadow banking
08/13/2018
Private jet to join superyacht in 1MBD asset seizures
Authorities eye $35m jet bought by fugitive financier Jho Low