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Legal, Regulation & Compliance

12/28/2015

Indonesia sets new capital norms for financial conglomerates

As part of capital calculations, the OJK will require conglomerates to measure net equity as the total capital of the parent company and its units, minus the injection or fund placement from parent companies to the units.

12/28/2015

Law firms expanding employment practices

Law firms have been expanding their employment practices to meet a rising demand for litigation, bolstered by tighter labour controls

12/28/2015

Chinese watchdogs team up to punish wayward listed companies

Errant listed firms and their executives will face a more united regulatory front as more than 20 government agencies agree to share information

12/27/2015

Bank of Baroda picks E&Y to review KYC systems

A senior bank executive said the professional services firm (E&Y) is examining the system for international transactions for loopholes and weaknesses.

12/24/2015

17 banks have fund-manager licenses revoked

Instead, they have to set up subsidiary companies to engage in the business, but only after undergoing close government examination and approval.

12/23/2015

China regulator to revoke banks' private fund management qualifications

The banks had registered to conduct private fund management with China's asset management association earlier this year, data from the association show.

12/22/2015

Seven Mainland and Hong Kong funds granted MRF status

The China Securities Regulatory Commission stated on its website that the bureau and the Securities and Futures Commission would continue to register other funds under the MRF in the future.

12/22/2015

ASIC takes no action against UBS over NSW power sale research scandal

The first was headlined "Bad for the budget, good for the state". In the second, issued four hours later, the headline was more upbeat "Good for the state".

12/22/2015

Regulator's 'no action ruling' on UBS has broader implications

The Australian Securities and Investments Commission has used the UBS case to set out a template for control of the research function in large, complex investment banking groups.

12/21/2015

Court’s winding-up ruling on Hong Kong’s Yung Kee goose restaurant sends signal to offshore companies

Legal experts say court order for restaurant’s parent company based in British Virgin Islands could lead to resolution of more disputes in city

12/21/2015

Chinese lawmakers to consider registration-based stock listing reform

Compared with the old system, the new one is more market-oriented

12/21/2015

UBS to take remedial steps after Australia regulator inquiry

ASIC was concerned that UBS Securities' control framework relating to its research function, and its compliance with that framework, at the relevant times was not adequate for an investment bank of UBS' size and complexity

12/21/2015

India to Sign Agreements With Singapore, UAE and Hong Kong to Get Information on Illegal Bank Accounts

The CBDT spokesperson further revealed that AEOI will help create an environment of transparency between 75 countries that have signed the MCAA

12/18/2015

ASIC bans former Macquarie adviser for market manipulation

This was likely to have the effect of creating an artificial price for trading in the affected MINIs on ASX.

12/17/2015

IAG New Zealand's licence cancellation a technicality

Insurance giant IAG New Zealand is reassuring customers about the cancellation of two of its insurance licences.

12/17/2015

Malaysia’s First Home Grown Reinsurance Broker gains approval from Lloyd’s

AFR Asia Pacific Ltd has been approved as Lloyd’s first registered broker in Malaysia, making it one of only 219 Lloyd’s registered brokers across the world

12/17/2015

A Stern Warning from the Supreme Court in England to Spouses who Hide their Assets - Withers

Implications for Hong Kong?

12/16/2015

Crunch Time for Indonesia Central Bank as Fed Prepares to Raise

Yet policy makers are signaling they are not ready.

12/16/2015

Doing Business in China: Unlock Investment Opportunities - King & Wood Mallesons

Emerging opportunities in e-commerce, finance and new ways to appeal to China’s increasingly sophisticated consumer base, are transforming the commercial landscape for investors.

12/16/2015

South Korean tycoon Lee Jay Hyun jailed for fraud, tax evasion

The court also handed down 25.2 billion won (S$30 million) in fines.

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