11/15/2017
Over the horizon
The M&A market continues to be active in Asia with Cayman, BVI and Bermuda remaining the top jurisdictions for offshore M&A transactions,” says Denise Wong
Legal, Regulation & Compliance
11/15/2017
NY regulator mulling fine on Korean banks for AML violation
Earlier this year, NongHyup Bank handed in a written agreement to the Federal Reserve Bank of New York to address its compliance deficiencies.
11/14/2017
PH, Japan affirm close ties
Finance Secretary Carlos Dominguez III and Japan International Cooperation Agency Chief Representative in the Philippines Susumu Ito also had an exchange of loan agreement on the Cavite Industrial Area Flood Risk Management Project.
11/14/2017
ASIC remains firm on IFA definitions
The regulator said financial services providers can only use these terms if they meet the requirements set out in s923A of the Corporations Act.
11/14/2017
Life insurer definitions clashing: Regulators
There's a lot of work that needs to take place within the industry to ensure that they are categorising claims outcomes in a consistent way.
11/14/2017
China and UK expected to be very busy with M&A activity
If the prediction about the level of the UK's M&A activity for 2018 is correct.
11/14/2017
Requiring Anti Money-Laundering New York DFS To Impose Large-scale Fine Against S. Korean Banks’ Branches
New York State Department Of Financial Services Is Planning To Order NH Nonghyup Bank To strengthen Compliance With The Requirement Of Anti Money-Laundering
11/13/2017
5 brokerages granted licenses for investment banking
It remains unclear whether the FSC will complete the review by the end of this year.
11/13/2017
Asean banking on China-led AIIB to plug infrastructure gaps
The Asean aims to build multiple connections from within and outside Asean through its Master Plan on Connectivity
11/12/2017
Australia and UK ‘on verge of’ inking new fintech deal
Who has something of a reputation for no-nonsense straight-talking.
11/10/2017
International law firm reaches a co-operation agreement with Chinese firm
The agreement is the fifth collaboration agreement with local Chinese firms.
11/10/2017
China pledges to open finance sector to more foreign ownership
Official says foreign and domestic investors to be treated ‘equally’ when buying stakes
11/09/2017
‘Make Australia a hellhole for white-collar crime’
Another change Mr Medcraft wants to see is the head of ASIC and the head of APRA appointed to each other’s boards or commissions.
11/09/2017
ASIC needs tougher, direct powers: Taskforce
The Taskforce also raised concerns about licensees taking steps to rectify compliance issues.
11/09/2017
Goldman Sachs and China Investment Corporation Establish $% Billion Fund to Invest in United States Companies
Goldman Sachs, through its Merchant Banking Division, will act as the sponsor and investment manager for the Cooperation Fund.
11/09/2017
China’s cryptocurrency ban is not what it seems
The People’s Bank doesn’t want a crypto-free country – it wants to own the market.
11/09/2017
Court Approves Rate-Manipulation Settlements by Two Australian Banks
The bank also said it acknowledged it didn't have adequate policies and systems in place to monitor trading and the communications of its traders.
11/08/2017
Latham & Watkins names 31 new partners, 12 new counsel
Talented group of lawyers possesses deep practice and industry experience and strong dedication to client service and teamwork.
11/08/2017
Westpac Dealt Blow As Scope For BBSW Trial Widens
Westpac Has Failed In Its Attempts To Restrict The Scope Of The Case After Justice Beach Rejected A Request From The Bank
11/08/2017
Why are the Hong Kong authorities still in awe of HSBC?
‘Hong Kong made a fuss when HSBC moved to London, but it rather looks like something of a blessing right now,’ writes Stephen Vines