11/01/2017
Swiss Banker Loses Appeal
MAS made clear it will take a tough line on banker integrity and proper conduct.
Legal, Regulation & Compliance
10/31/2017
S&P hit with historic court decision
SPB is also pursuing similar class actions concerning SCDOs issued by Lehman Brothers Australia, ANZ and Oakvale Capital.
10/31/2017
Singapore Court Imposes Bigger Penalties in Share-Trading Case
Regulator Sees Policy Need To Deter Unauthorized Stock Trades
10/31/2017
BlackRock CEO Larry Fink on housing, banks and investing
But only in the context of what is best for the long-term interests of all shareholders.
10/31/2017
World-leading Australian RegTech Companies Named on the RegTech 100 list
Some of the most exciting companies on the list include CXi Software based in Melbourne.
10/30/2017
Marsh faces formal complaint over Asian operation
The lnsurance Commission has the authority to hear and decide cases for violation of the Philippines’ insurance code and impose penalties if warranted.
10/30/2017
Indonesia May Lift Curbs on JPMorgan's Government Business
President Joko Widodo’s government stopped doing business with the largest U.S. bank after it downgraded the Southeast Asian nation’s equities by two notches
10/30/2017
Philippines Boosts Liquidity Risk-Management Rules for Banks
Banks will be given until Sept. 1, 2018, to develop or revise their policies and procedures in line with the new guidelines.
10/27/2017
Regulator Updates Funds Management Rules
The guidance that has been updated covers topics including establishing and registering a fund, fund constitutions, compliance and oversight, asset holding, discretionary powers, and foreign passport fund powers.
10/27/2017
Former NAB adviser sentenced for forging documents
As the matter was heard summarily, the maximum sentence available for each offence was two years imprisonment.
10/27/2017
ASIC expands network of fintech cooperation agreements to Switzerland
‘This agreement cements an already strong relationship with FINMA, and we look forward to ongoing collaboration in the fast-paced fintech environment in both countries.’
10/25/2017
Japan Bank CEO Quits Over Claims Of $2.2 BN In Bad Loans
Employees At Almost All Of Shoko Chukin Bank's Offices Across Japan Falsified Documents To Make Low-Interest Loans
10/25/2017
Ropes & Gray Names 12 New Partners in Seven Offices Worldwide
The new partners of the firm reflect the global footprint of Ropes & Gray.
10/25/2017
Latest Development on the Era of Smart Banking
The HKMA will continue to discuss and work with relevant stakeholders to facilitate the transformation of our banking system to a new and higher level of Smart Banking.
10/25/2017
Web Firm Exec Charged With Offering 5M Euro Reward To HSBC Staffer
Bongard Was Granted Cash Bail Of HK$100,000
10/25/2017
ANZ returns to court after ASIC settlement
The rate determines what banks charge to lend money to each other and is not directly linked to mortgage or other retail lending interest rates.
10/24/2017
Australia Publishes Draft Laws for Relaxed Fintech Regulation
The draft laws, which Morrison has opened for consultation, would let companies "overcome the initial regulatory burden and costs of licensing that may otherwise hinder innovative offerings."
10/24/2017
Premier urges tighter controls after fraud found at Mega Bank
Public faith in the local banking sector could be undermined.
10/24/2017
Government publishes draft legislation for testing fintech products without licence
The draft legislation and regulations states that eligible Australian fintech businesses will be able to test their products and services with up to 100 customers for a maximum period of 24 months.
10/24/2017
Kobre & Kim Is the Latest Am Law 200 Firm to Launch in Shanghai
The New York-based boutique says it is expanding its Asia practice into mainland China with unique, conflict-free offerings.