04/05/2018
Japanese and Swiss regulators ink fintech pact
This Cooperation Framework recognises the global nature of innovation in financial services and intends to enhance the relationship with FINMA on FinTech.
Legal, Regulation & Compliance
04/05/2018
TrueMoney awarded Vietnamese payment services license, launches TrueMoney Wallet
TrueMoney has a network of more than 5,000 agents across 40 provinces in Vietnam.
04/04/2018
China steps up crackdown on online asset management sector: sources
News of the central bank examination comes as the market is waiting for the People’s Bank of China to release the final version of new rules for asset management businesses as part of widening crackdown on risk in China’s financial system.
04/04/2018
Burden of rescuing failed banks in Singapore likely to rest on MAS, shareholders: Moody's
This allows creditors to get paid, but dilutes existing equity holders and exposes the rescuer to ownership risk.
04/04/2018
Executive pay structure still fuels risk-taking: APRA
APRA trawled through three-year remuneration data of about 280 employees holding senior roles at 12 regulated institutions.
04/03/2018
CBA backs 'four pillars' ban on bank mergers
It is the only major bank so far to publicly back the four-pillars policy in its submission to the Productivity Commission, despite this being one of the recommendations in the PC's draft report.
04/03/2018
Dubai-based cryptocurrency sued by Chinese giant Alibaba
Company behind Alibabcoin subject to legal action in New York which seeks damages over trademark infringements
04/03/2018
Avista founder denies business dealings with ICICI Bank
Rajiv Kochhar said he or his firm Avista Advisory Group does not have any business arrangements with Chanda Kochhar’s ICICI Bank, after BJP leader Subramanian Swamy alleged so on Twitter
04/03/2018
New law requires ASIC to consider competition
The government accepted this recommendation in October 2015.
04/03/2018
India's Central Bank Is Set to Keep Bond Market Party Going
Rates likely to be on hold, but MPC could flag inflation risks
04/02/2018
BSP to adopt 2 regulatory technology solutions this year
Fonacier said the R2A project is fully funded by the United States Agency for International Development, Bill and Melinda Gates Foundation, and Omidyar Network.
03/30/2018
Global accounting firm hit by Hong Kong High Court in US$400 million China Medical fraud
The firm was placed into liquidation in 2012 by courts in the Cayman Islands, New York and Hong Kong, following accusations the NASDAQ-listed firm was a fraud. Read more at https://www.channelnewsasia.com/news/business/kpmg-hit-by-hong-kong-high-court-in-
03/29/2018
China approves new asset management rules, financial court
“The reform will further touch upon profound adjustment of interests patterns and changes of the system of institutions.”
03/29/2018
Appleby Mauritius advises on the issue of USD 300 million 4.500% senior notes
To be listed on the Singapore Exchange Securities Trading Limited
03/28/2018
PJC doubts life insurance industry can self-regulate
For group life insurance, the PJC said it "strongly supported the opt-out model for life insurance within group superannuation."
03/28/2018
World Bank’s IFC to invest U$100 million in India fund
Citing IFC sources, Deal Street Asia says in a March 27 report that IFC will play the role of anchor investor in the IRF, and will commit up to $100 million to the fund.
03/28/2018
Indonesia imposes extra capital requirements on top banks
The move may conflict with government efforts to reverse a slowdown in lending and bolster the economy.
03/28/2018
China's leaders approve new asset management rules, financial court
The reform will further touch upon profound adjustment of interest patterns and changes of the system of institutions.
03/27/2018
Freshfields recognised at Asia Legal Awards 2018
These awards reinforce the industry recognition Freshfields won earlier this month at the IFLR Asia Awards 2018, where the firm was named M&A Firm of the Year, Pro Bono Team of the Year and also won M&A Deal of the Year award for its work advisin
03/27/2018
The under-the-radar bank quietly getting ready to ramp up Asian recruitment
The new licence, which elevates Pictet from a from a merchant bank to a wholesale bank, now means that its Asian recruitment is likely to initially focus on Singapore, say headhunters.