05/10/2016
Japan’s financial regulator to scrutinize banks’ stress tests
We don’t plan to impose external tests.
Legal, Regulation & Compliance
05/10/2016
Australian Government to stop double-taxation of digital currencies; apply AML regulation
The Government will also consider guidance from the FinTech Advisory Group as part of broader considerations around the AML/CTF regulation of digital currencies.
05/10/2016
Sukuk Issuance Expected To Increase In 2016, Says IFSB
Although there has been no instance of a sukuk default since 2010, the strengthening of legal frameworks and regulations regarding sukuk resolution in default cases could facilitate more international sukuk issuances.
05/09/2016
Singapore Banks Discuss Cooperation to Fight Money Laundering
The bank believes the new model "will bring significant control and operational efficiency benefits to the industry and Singapore," Yuen said by e-mail, adding that it’s premature to discuss details of the initiative.
05/09/2016
Allen & Overy announces 35 new Counsel promotions
The 35 promotions span the Banking, Corporate, Employment, ICM, Litigation, Real Estate and Tax practices and are effective as of 1 May 2016.
05/09/2016
Westpac, ANZ Investigating Suspected Foreign Home Loan Fraud
Two of Australia's biggest banks on Monday said they are investigating suspected fraud involving false declarations by a number of home loan borrowers who rely on foreign income.
05/09/2016
Regulations Still Abound in South Korean Hedge Fund Market
One of the examples is that a hedge fund has to be raised by 49 persons or less, which was maintained while the minimum fund amount required was lowered from 500 million won to 100 million won last year.
05/09/2016
Hogan Lovells makes Asia arbitration play with BLP hire
BLP London-based partner Jonathan Sacher replaces Phillips as head of international arbitration.
05/06/2016
S’pore slaps three more charges on ex-banker in 1MDB probe
The law firm of his lawyer, Philip Fong, "likely constitute proceeds linked to criminal conduct".
05/06/2016
China Regulator Tries Again To Rein In Banks’ Shadow Assets
The watchdog has tried cracking down on similar arrangements in the past.
05/06/2016
China Warns Asset Managers About 'Ponzi Scheme' Risks
The risk from pooling money is that cash from new investors can be used to repay existing investors, as occurs in the scams named after Charles Ponzi.
05/05/2016
Chinese asset management industry cleaning house
More than 2,000 private fundraising and management firms will be forced out of the Chinese market, according to the China Securities Regulatory Commission and the Asset Management Industry Association of China.
05/05/2016
S'pore may now focus on 1MDB's Cayman investments
The authorities are probing "complex and layered transactions" with "cross-border elements" involving many shell companies in their investigations into 1MDB, said Singapore's chief prosecutor Tan Ken Hwee.
05/05/2016
MBSB continues to eye merger opportunities
Earlier at the EGM, MBSB shareholders approved the resolution for a rights issue to raise RM2 billion to beef up the group's capital position.
05/05/2016
HSBC Private Bank appeals against record HK$605 million fine by SFC
Record-high penalty was for alleged misselling of Lehman Brothers products
05/05/2016
Cayman Islands: Maples and Calder Recognised for Seven Airfinance Deal of the Year Awards
A leading financial resource on the aviation industry and market leader for aircraft finance news
05/05/2016
RBI, UAE central bank sign MoU on currency swap cooperation
The MoU will further strengthen the close economic relationship and cooperation between India and the United Arab Emirates.
05/05/2016
JPMorgan Securities on Hong Kong ‘name and shame’ list
The incident could hurt the bank’s IPO sponsorship business as it faces other reputational challenges in Asia, such as a US investigation into hiring practices in the region.
05/04/2016
Abu Dhabi Signs MoU With Chinese Bank Regulator
The regulatory body of the Abu Dhabi Global Market signed an MoU with the China Banking Regulatory Commission on 28 April 2016, its first such agreement with an Asian regulator.
05/04/2016
HSA raids Khaitan as it launches in Bangalore, names new MP
Amitabh has been recognised as a leading legal counsel for over two decades and joins HSA which too has been acknowledged as one of India’s leading full service law firms.