02/21/2023
China Ratchets Up Bank Risk Management Rules
In other words, a very specific tome for a particular species of financial industry treasury specialist.
Legal, Regulation & Compliance
02/21/2023
Bank of Japan kicks off CBDC pilot
The trials will entail simulated transactions with retailers and consumers alongside the establishment of a CBDC forum with private sector institutions in the payment space.
02/21/2023
SFC consults on proposals to regulate virtual asset trading platforms
The SFC intends to publish lists on its website to inform the public of the different regulatory statuses of VA trading platforms
02/17/2023
ASIC to expand enforcement focus areas in the coming year
ASIC Deputy Chair Sarah Court said the actions taken during the final quarter of 2022 reflect ASIC’s continuing strategic priorities and enforcement priorities.
02/17/2023
Japan’s Kishida says Ueda is most fit to lead Bank of Japan
The government named academic Ueda as its pick to become next central bank governor on Tuesday.
02/17/2023
Workplace discrimination laws proposed in Singapore
The proposed rules will seek to provide recourse against workplace discrimination and appropriate penalties for breaches.
02/15/2023
Philippine lawmakers pass bill to allow civil servants to retire at 56
They can opt to quit working, receive their benefits, do other activities, and enjoy life in retirement with their loved ones even before they become senior citizens.
02/15/2023
Baker Tilly records revenues above $1 billion across Asia Pacific
At the global level, Baker Tilly also grew its headcount by 4.5 percent to above 40,000 professionals in more than 700 offices worldwide, in part driven by the admittance of new member firms and a number of international acquisitions
02/13/2023
Labuan IBFC and SBF to jointly host masterclass on Labuan International Business and Financial Centre
The masterclass will showcase Labuan IBFC’s sectoral offerings and services
02/09/2023
Labuan IBFC and SBF to jointly host masterclass on Labuan International Business and Financial Centre
The masterclass will showcase Labuan IBFC’s sectoral offerings and services
02/09/2023
A UAE-Hong Kong Free Trade Agreement will be a ‘logical step’, says Chief Executive John Lee
UAE is already Hong Kong’s biggest trade partner in the Middle East
02/09/2023
Mourant awarded Deal of the Year by the China Business Law Journal
The China Business Law Journal's annual Deals of the Year report documents the previous year’s most significant China-related deals and cases.
02/07/2023
Singapore, Brunei Darussalam central banks ink banking and supervision pact
The memorandum of understanding was signed in Singapore by MAS Managing Director Ravi Menon and Brunei Darussalam Central Bank Managing Director Rokiah Bakar.
02/06/2023
Morgan Stanley IM Approved for Full Ownership in China
Morgan Stanley IM will increase its stake from 49 percent to 100 percent upon completion of the transaction which is subject to business registration and other procedures required by Chinese regulatory entities.
02/06/2023
Suspicious websites related to Fubon Bank (Hong Kong) Limited
The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions.
02/06/2023
Hong Kong-China Border Resumes Normal Travel
The reopening will be welcome news for the financial sector as greater ease of travel will likely boost cross-border activities between Hong Kong and the mainland.
01/31/2023
China and Barbados look to strengthen ties
Ambassador Xiusheng conveyed his appreciation of Barbados’ One China Policy, and Minister Symmonds gave the assurance that Barbados remains committed to this policy.
01/31/2023
Hong Kong regulators publish stricter rules against contractors
It is yet to be seen whether the strengthened regulatory action or the proposed penalties proposed under the Occupational Safety and Health Amendment Bill will deter contractors.
01/27/2023
Sweet dreams: Korean bank entices customers with banknote-stuffed pillows
The pillows are filled with a combination of the banknotes and EPP, an eco-friendly material.
01/27/2023
Chinese consumers are eager to purchase luxury as a means of social advancement and self-differentiation, finds KPMG report
The report also draws upon insights from in-depth interviews with executives from the luxury industry to supplement the findings.