05/25/2018
Nomura, LINE, and LINE Financial Sign Joint Venture Agreement as part of Financial Business Alliance
Under the joint venture agreement, Nomura and LINE Financial plan to establish LINE Securities Corporation1 on June 1, 2018.
Legal, Regulation & Compliance
05/24/2018
Singapore bourse presses on with India derivatives launch despite lawsuit
According to SGX, it has "full confidence" in its legal position and will "vigorously defend this action"
05/24/2018
Malaysia’s new finance minister says 1MDB wealth fund president is ‘utterly dishonest’
Malaysia’s Finance Minister Lim Guan Eng met with people involved in the scandal-plagued fund and said its directors had confirmed that 1MDB was insolvent and “unable to repay its debts
05/24/2018
Ant Financial partners with China Everbright Bank and Everbright Technology
On May 18, 2018, Huabei, Ant Financial's consumer finance service, announced it would partner with various financial institutions, including banks
05/24/2018
Could 50% of advisers exit industry?
The Adviser Ratings research pointed to almost 7,000 advisers having left the industry since 2015, with the future attrition rate expected to increase and described IOOF and AMP as being the majors most at risk from adviser churn motivated by FASEA.
05/23/2018
'I was sent a bullet' probing 1MDB, says Malaysian anti-graft chief
Shukri told a news conference he had called Najib into the agency to record a statement, not to arrest or charge him.
05/23/2018
HSBC case: ED seizes Rs 21 crore assets of Dabur director
The assets have been seized in lieu of those held abroad by Dabur group director Pradip Burman, ED has said.
05/23/2018
Pakistan hires UAE banks to raise $200m loan
Pakistan needs to raise funds to offset a drop in international reserves
05/23/2018
China central bank aims to improve information disclosure and transparency
“We will continuously improve the central bank’s credibility and transparency,” the PBOC said in a notice published on its website.
05/22/2018
Malaysia sets up task force to probe 1MDB scandal
The special task force will be charged with seizing back assets and pursuing legal action against those suspected of breaking the law in relation to the fund
05/22/2018
UAE banks get go-ahead to share Winsome information with India
Information of the movement of funds in and out of the bank accounts of Winsome Group firms, subsidiaries, and its clients in Dubai could help Central Bureau of Investigation establish the money trail.
05/22/2018
Huarong orders staff to divulge offshore ties as it braces for regulatory probes into operations
The company, established in 1999 to manage the distressed assets belonging to the Industrial & Commercial Bank of China, is state-owned, and its employees are essentially members of China’s public service.
05/22/2018
Looking east: Linklaters gets long-awaited Shanghai approval as CMS launches Hong Kong association
The announcement has been on the cards for some time after the two firms formed a ‘best friends’ alliance in April last year, which saw three partners and 16 lawyers move from Linklaters to Zhao Sheng.
05/22/2018
Seizing the GDPR Advantage: From mandate to high-value opportunity
Look beyond the compliance side of the GDPR
05/22/2018
Singapore Bourse Sued by India Exchange in Futures Dispute
“This is a big mess,” said David Shin, Asia head of global equity derivative sales at TD Securities in Singapore.
05/21/2018
'Unethical' banks under scrutiny as royal commission returns
Senior counsel assisting the commission Rowena Orr and Michael Hodge are likely to focus on the impact of overzealous lending and enforcement when customers provided guarantees involving their property and other assets.
05/21/2018
Bank of Singapore inks MOU with Sumitomo Mitsui Banking Corp unit SMBC Trust Bank
BOS hopes the MOU will raise its profile among Japanese ultra-high and high net worth individuals.
05/21/2018
UAE allows banks to share Winsome Group information with India
The diamond house is India’s second-largest wilful defaulter after Vijay Mallya’s Kingfisher Airlines.
05/21/2018
Westpac made blind pensioner a guarantor without risk advice, inquiry hears
The testimony, given to a powerful inquiry into the country’s financial sector, came as Australia’s “big four” lenders all admitted to misconduct in their submissions to a third round of public hearings that focuses on loans to sma
05/20/2018
Award Winners — Lawyers & Law Firms
Firm of the Year 2018: Hogan Lovells