02/07/2018
Australia gives regulator sweeping powers over bank bosses' pay
The series of scandals has cost Australian banks, among the most profitable in the world, hundreds of millions of dollars in fines
Legal, Regulation & Compliance
02/07/2018
Monetary Authority of Singapore introduces new guidance for remote customer onboarding
MAS requires FIs operating in Singapore to implement robust controls when onboarding new customers
02/07/2018
Tharman: No strong case yet to ban cryptocurrency trading in Singapore
DPM says it is too early to tell if cryptocurrencies will succeed, but MAS studying potential risks
02/07/2018
Warning Credit Suisse and Nomura could face mis-selling claims on short volatility funds
Access to non-sophisticated investors
02/06/2018
Australian Invoice Finance makes key regional appointment
Australian Invoice Finance has made a significant regional appointment.
02/05/2018
China cracks down on tech credit scoring
Tencent and Alibaba pilot schemes curbed by central bank amid privacy fears
02/05/2018
Mourant Ozannes receives China Business Law Journal 'Deal of the Year' recognition
Mourant Ozannes provided BVI law advice in connection with a bank and lease financing of The Antikeros, The Shonoussa, The Polyaigos and The Strofades vessels.
02/05/2018
Bankers' Assn backs down over protection for fraud victims
Bank customers who fall prey to internet fraud will be protected by a specific clause in a new banking code, after the Bankers' Association backtracked on removing it.
02/05/2018
Standard Bank, UnionPay International partner for Chinese to transact in Africa
Standard Bank is also the first African bank to receive the license to issue UnionPay cards in South Africa.
02/04/2018
Carey Olsen advises on A$1.2bn restructure
The transaction is notable because it was the first time a creditors' scheme of arrangement had been used in the Australian market as an interim stabilising step in a broader restructuring process.
02/04/2018
China fines 19 banking institutions over loan fraud
A total of 104 employees in the banking industry were also punished, while 35 criminals involved in the case have been arrested, according to the CBRC.
02/02/2018
China puzzle unravelling for iFAST
Financial culture and regulatory issues are not deterring investment platform expansion plans.
02/01/2018
FinTech Australia Tells Aussie Government it is Time to Act on Legislation to Empower Private Company Equity Crowdfunding
Australia enacted new crowdfunding regulation (Crowd-sourced funding) in 2017 but left a gaping shortcoming in the new rules.
02/01/2018
‘Accidental Americans’ putting Asia’s wealth transfer at risk
Accidental Americans face ruin if their estates are not properly structured, a lawyer has warned.
01/31/2018
CPAM signs strategic alliance deal with Sun Life Malaysia
Sun Life Malaysia is a 49:51 joint venture between Canada’s Sun Life Financial Inc and Avicennia Capital, a wholly-owned unit of Malaysian sovereign wealth fund Khazanah Nasional.
01/31/2018
Breakthrough in Removing Iran-China Banking Hurdles
The closures were attributed to new pressures from Washington and also more stringent ant-money laundering measures adopted by Chinese lenders in line with the Financial Action Task Force requirements.
01/31/2018
Moven to receive funding from SoftBank, plans to buy bank
On one side will be the software provider that already develops digital banking software for TD Bank in Canada and Westpac in New Zealand.
01/30/2018
Lawyers investigate whether ASIC website glitch assisted insider trading
The Australian Securities and Investment Commission has hired lawyers to check whether a glitch on its website assisted insider trading.
01/30/2018
HK and Australia Fintech Buddy-up
Danielle Szetho was appointed to lead fintech Australia in June 2016 with a remit to expand the reach of the association and its members.
01/30/2018
Jefferies inks strategic alliance with BOC International
As part of Jefferies ongoing effort to meet the ever-changing needs of our global institutional clients, we are very pleased to begin working with BOCI