01/18/2023
FSC approves merger of Taipei Fubon Bank, Jih Sun Int'l Bank
Post-merger, Taipei Fubon Bank's projected NT$4.27 trillion in assets would rank it third among Taiwanese banks, behind the state-owned Bank of Taiwan and the private CTBC Bank.
Legal, Regulation & Compliance
01/17/2023
Thailand regulator launches climate risk guidelines for asset managers
“This will not only bring about optimal benefits to the asset owners but also help to develop the Thai capital market,”
01/16/2023
China and Trinidad and Tobago seeking to strengthen trade and investment relationship
They agreed on a work plan of activities to increase Trinidad and Tobago exports in Asia
01/13/2023
Malaysia regulator requires ratings agencies to have independent majority boards
“This development also points to greater demand and need for independent, high quality, timely and reliable assessments to enable investors to make informed investment decisions and at the same time, promote better market confidence,”
01/13/2023
Japan yields break central bank ceiling as markets press for policy shift
The stress was evident across the yield curve, forcing the BOJ to announce two separate rounds of emergency buying worth around US$13.9 billion combined.
01/12/2023
AAT upholds Olive Financial Markets’ AFS licence cancellation
On 13 March 2020, ASIC cancelled Olive’s AFS licence.
01/11/2023
Interim stop order placed on the Pivotal Diversified Fund
ASIC reminds financial product issuers that under DDO, they must define target markets for their products appropriately, having regard to the risks and features of their products.
01/11/2023
MAS revises the Code of Corporate Governance to reflect independent director tenure limit and mandatory renumeration disclosure for directors and CEOs
These revisions to the Code and Listing Rules are in line with the recommendations made by the Corporate Governance Advisory Committee (CGAC) on 13 September 2022, which were in response to the review of SGX-listed companies’ corporate governance di
01/06/2023
Bank of Korea working hard to ensure economy's soft landing -governor
The Bank of Korea, together with the government, will do its best in making sophisticated policy responses to achieve a soft landing of the South Korean economy, during this time of clouded visibility
01/05/2023
Malaysia securities regulator promotes duo to managing directors, deputy CEO to leave
Kamarudin will also continue to oversee market and corporate supervision while Azalina will retain responsibility for strategy and policy.
01/04/2023
Jack Ma’s Ant Wins Approval for $1.5 Billion Capital Plan
The deal resolves a key hurdle for Ant as it seeks to meet requirements from regulators following a crackdown on its business after its record initial public offering was torpedoed in 2020.
12/30/2022
Linklaters advises DKSH on its acquisition of DNIV Group in Singapore
The Linklaters team was led by Singapore-based corporate partner and global co-head of TMT Niranjan Arasaratnam.
12/30/2022
Japan's Nakao sees smoother path for Kuroda's successor with BOJ policy shift
"The BOJ has not succeeded so much in raising inflation expectations and bringing down real interest rates while side-effects became larger. I was thinking the current framework must be modified sooner or later,"
12/30/2022
Linklaters advises on Thailand’s tech unicorn LINE MAN Wongnai’s US$265m Series B fundraising
With the investment, LINE MAN Wongnai has achieved unicorn status with a valuation of over US$1bn, making it one of Thailand's largest technology startup by valuation.
12/27/2022
Vietnam c.bank buys dollars to shore up reserves after selloff
The State Bank of Vietnam (SBV) earlier this year was forced to sell a large amount of U.S. dollars to the market to support the dong, which has hit record lows in recent months from capital outflows as the U.S. Federal Reserve repeatedly raises interest
12/27/2022
China banks rush traders back to office on Covid disruptions
Department heads were told to keep as many people in office as needed to ensure business continuity, the person said.
12/23/2022
Japan's consumer inflation hits fresh 40-year high, eyes on BOJ policy
While many retailers plan further hikes for food products next year, the outlook for inflation and the timing of any further BOJ policy tweaks are muddled by the risk of global recession and uncertainty over the pace of wage hikes, analysts say.
12/23/2022
China’s reopening policies boost market confidence
Short term sentiment has heightened after the Chinese government announced to relax restrictions, said industry professionals.
12/23/2022
Bank of Korea says curbing inflation remains main rate policy target in 2023
It has lifted the policy rate by 275 basis points since late last year in nine steps to 3.25 per cent and is widely expected to be finishing its tightening cycle this year, earlier than some other central banks.
12/23/2022
ASIC issues infringement notice against superannuation trustee for greenwashing
Greenwashing is the practice of misrepresenting the extent to which a financial product or investment strategy is environmentally friendly, sustainable or ethical and is an enforcement priority for ASIC.