09/12/2017
Conduct at Australia's biggest banks is a 'major problem': ASIC
ASIC Chairman Greg Medcraft says culture, conduct and accountability at the powerful banks remains a major problem for the regulator.
Legal, Regulation & Compliance
09/12/2017
Merrill Lynch fined over futures trading 'failures'
The MDP found that, from October 2010 to June 2016, MLAF had inappropriate limits to varying degrees in respect of number of pathways to the ASX 24 Market.
09/12/2017
The Macallan ALB Hong Kong Law Awards 2017: Mayer Brown continues sizzling streak
The 2017 edition of the awards featured several new categories.
09/11/2017
Trust issues? China targets a $3 trillion shadow banking industry
A regulatory sanction against one trust, Shanghai International Trust, and a legal case against another, National Trust, offer rare insights into the industry, and reveals just how hard it will be to police it.
09/11/2017
NPS struggles to prop up investment arm
Choi also allegedly exerted undue influence over the pension fund to back the merger.
09/11/2017
The algorithm ate my homework is no excuse
It can't be like, the algorithm ate my homework.
09/11/2017
China scraps reserve requirements for offshore banks' domestic CNH deposits
But the reserve requirements for onshore yuan deposits placed in yuan clearing banks by offshore institutions will not be affected.
09/11/2017
China’s trillions remain out of reach of foreign funds
FX regulator, concerned about capital exodus, keeps offshore asset managers out
09/11/2017
China regulators are putting pressure on lending by trusts
Regulators provided no further details about the case.
09/08/2017
ASIC to get stronger powers to ban financial services workers
The taskforce also said the threshold for ASIC to exercise its banning powers should be expanded, and trigger when the regulator forms the view the person is not fit and proper to provide a service or to perform a management role.
09/08/2017
Ex-bank manager to face charges in Philippines for cyber heist, others cleared
Philippine prosecutors recommend the filing of charges against a former bank manager for her part in laundering of tens of millions of dollars stolen from Bangladesh’s central bank last year
09/08/2017
Financial crime crackdown curbs emerging markets
IFC says cut in bank ties has depressed legitimate growth
09/08/2017
New York regulator kicks Pakistan’s Habib Bank out of US
NY watchdog says company ‘opened the door’ to terror financing and fines it $225m
09/08/2017
Offshore Law Firm Hits Hong Kong
The firm was also included as a 'firm to watch for 2017' by Asian Legal Business.
09/06/2017
More cooperation in the financial space
A letter of intent has been signed with Indonesia's Financial Services Authority in Jakarta to work out a bilateral agreement on the establishment of qualified Asean banks between the two countries under the ABIF.
09/06/2017
Mourant Ozannes advises on facilities for Chinese manufacturing acquisitions by Platinum Equity
The Mourant Ozannes team was led by Partner Simon Lawrenson with Associate Peter Vas, alongside lead onshore counsel, Linklaters.
09/05/2017
Indonesia's regulator eases investment rule to aid infrastructure funding
The government is trying to create a market for such instruments.
09/05/2017
China's central bank issues instant ban on inital coin offerings
The ICOs also employ blockchain-based technology, enabling issuing companies to raise funds without using venture capitalists, investment bankers and other intermediaries associated with traditional fundraising.
09/05/2017
Regulatory approval received for the acquisition of Trinity Fund Administration in Dublin and the Cayman Islands
Regulatory approval is conditional upon the transaction being completed within 12 months.
09/05/2017
Moroccan Attijariwafa Bank, Japanese Sumitomo Corporation Team up for Africa’s Development
The agreement will also enable Sumitomo Corporation to have access to the network and expertise of Attijariwafa bank group