08/02/2017
Abu Dhabi gives new deadline as 1MDB misses $600 million payment
It said all payments to IPIC would be made from the proceeds of the 1MDB rationalisation plan
Legal, Regulation & Compliance
08/02/2017
United Arab Emirates: India's Federal Bank To Open At DIFC
While Federal Bank is poised to increase the bandwidth and access of its products and services in the Gulf, it is also looking at expanding in Canada, Australia, the US and the UK- countries with a significant NRI population.
08/01/2017
UK regtech expands Australian footprint
Australia and New Zealand are strategically important to our global growth and as part of the expansion we are building a team of talented people to work in the region.
08/01/2017
NAB set to file four references against Sharifs
It was decided to file four references in the accountability courts of Islamabad/Rawalpindi in the stipulated time period of six weeks from the date of judgement.
08/01/2017
Carey Olsen advises on new Jersey Private Fund for AVI Frontier Fund I
The Fund has appointed Viet Capital Securities as its local Vietnamese investment advisor.
08/01/2017
Mourant Ozannes acts in Japan Fund acquisition
The offer was an all-share offer of Japanese listed shares and is believed to be the first of its kind in the UK. It was completed via a Guernsey scheme of arrangement.
07/31/2017
Hong Kong’s Exchange Fund investment income hits record high
The positive trend of the global financial markets in the first half may not be sustainable.
07/31/2017
China pullback won't dent Australia M&A
There is a more diverse spread of foreign bidders in our market.
07/31/2017
Sahara to challenge IRDAI order on life insurance biz transfer
The main allegation talks about the promoter company's promoter shareholder Subrata Roy Sahara.
07/28/2017
Abu Dhabi Global Market Inks New Partnerships with Lubuan
The Authorities are also prepared to develop relevant activities and events that foster financial innovation and closer regulatory cooperation in both jurisdictions.
07/28/2017
Imran urges UAE central bank to disclose non-residents’ accounts details
Panama Papers probe, in its final report, revealed Prime Minister Nawaz Sharif’s employment with an Emirate-based firm as chairman.
07/28/2017
Ogier advises on record-breaking £1.28 billion "Walkie Talkie" purchase
As well as the landscaped public gardens called the Sky Garden.
07/27/2017
Accountants and planners slammed for ‘offshoring’ client details
The type of work being offshored included everything from administration tasks to detailed financial and accounting work.
07/27/2017
FSDC releases report on promoting Hong Kong's private equity fund businesses
The report sets out some key recommendations with an aim of harmonising the existing offshore private equity fund tax exemption regime.
07/27/2017
Closer Swiss-Singapore cooperation in financial sector
The Finance Minister of Switzerland, Federal Councillor Ueli Maurer, who visited Singapore recently with a high-level delegation, highlights the benefits of broadening and deepening bilateral financial relations in an exclusive interview.
07/27/2017
HKMA to align its rules with SFC’s manager-incharge programme, lawyers say
I suspect there are some in the market who haven’t thought it all through.
07/27/2017
MAS urges banks to improve tech use in financial crime fight
This is where better use of technology can help.
07/27/2017
Swiss Re to set up Asian regional HQ in Singapore
The new entity, to be known as Swiss Re Asia, will have its own regional board of directors
07/26/2017
Banks to keep tabs on developers
An HKMA spokesman said that the agency will also monitor market developments, and refine and enhance its supervisory requirements, when appropriate, relating to banks' lending to developers.
07/25/2017
SFC’s new pact with FCA raises industry unease
The new arrangements came to light when the SFC posted the full text of its memorandum of understanding with the FCA on its website on July 21.