02/27/2018
AIA eyes China hinterland as Beijing relaxes rules
CEO says a headstart in major cities gives it competitive edge
Legal, Regulation & Compliance
02/26/2018
Xi set to tighten grip on China by scrapping presidential term limit
Central committee recommendation shocks leadership’s political rivals
02/26/2018
China Loosens Wealth Management Reins
China’s deputy finance minister Zhu Guangyao promised in 2017 that his country would similarly calibrate limits on insurers and eliminate curbs
02/26/2018
IOOF licensee launches MDA solution
The solution is designed specifically to assist advisers in efficiently delivering flexible, quality portfolio construction and implementation to clients.
02/26/2018
Mourant Ozannes at the forefront of aviation and ship financing in Asia
Mourant Ozannes provided BVI law advice in connection the loan and lease financing of four second-hand long range product tankers.
02/26/2018
Big banks in spotlight for opening round of royal commission hearings
The Australian Securities and Investments Commission (ASIC) said in its statement of claim filed in the federal court that CBA tried to rig the bank bill swap rate on six occasions, up from three occasions in its initial statement last month.
02/26/2018
Fund managers in Malaysia, Singapore, Thailand to have wider access to retail investors
The revised framework, which incorporates feedback from extensive industry consultations, seeks to promote more cross-border offerings of ASEAN funds and allow fund managers to offer a broader range of fund products to investors in the region, according
02/26/2018
Mirae Asset forms JV with Vietnam’s SWF subsidiary
This is the first time that a Korean asset management has formed a legal entity in Vietnam instead of opening a branch to acquire stake in local companies.
02/26/2018
Chinese Conglomerates in Distress
This mostly happens with cryptocurrencies or with Alipay, the Chinese equivalent of Paypal.
02/26/2018
One of Asia’s biggest companies just got steamrolled by the Chinese government
The Chinese government had 2 major problems with the way Anbang was going about its business.
02/25/2018
Tax havens turn financial black holes
The number of tax havens has also grown with the growth of financial liberalisation and generation of wealth abroad.
02/25/2018
Underperforming bankers in Asia now on “red alert” as job cuts loom
The average RM at Credit Suisse in APAC now manages CHF333m in assets, compared with CHF260m in 2016 – a rise of about 28%.
02/25/2018
New Laws Mean Japan Could Be the Next Big Thing In Esports
Laws, which are now decades old and were introduced to tackle organized crime, are resulting in competitive gaming in Japan being treated in equal terms to poker, and is all but entirely illegal, especially if cash prizes are involved.
02/24/2018
Vietnamese lenders to take more security measures after banker steals $10 mln from customer
The central bank has also asked lenders to review, amend and add internal regulations to ensure that they fully comply with rules on deposit, and saving transactions.
02/23/2018
Re King Bun Limited: Re-affirming When the Case Should be tried in the BVI
The operation of the underlying business and the assets are in Hong Kong and the People’s Republic of China (“PRC”).
02/23/2018
New office for Ogier as firm celebrates ten years in Tokyo
Ogier Global provides trustee services to Cayman Islands unit trust structures, being the vehicle of choice for Japanese investors.
02/22/2018
How the alleged Punjab National Bank fraud unfolded
India has been gripped by the scandal involving billionaire jewellers and state-run institutions
02/22/2018
StanChart transfers rest of Singapore operations to locally incorporated unit
StanChart said the move will not affect the level of service its clients currently receive, and will work to minimise any impact on accounts and dealings
02/21/2018
Vertically aligned institutions pay $21.4m compensation
The Advice Compliance Project identified "high-risk advisers" who engaged in non-compliant conduct between 1 January 2009 and 30 June 2015.
02/21/2018
Indian police arrest sixth bank official in $1.8b fraud case
The branch is at the center of the alleged fraud involving firms tied to diamond merchants Nirav Modi