03/23/2016
China FX regulator queries fund managers on overseas investment: sources
The questionnaire asked fund managers how much they expect the yuan to depreciate over the next year, according to one source.
Legal, Regulation & Compliance
03/23/2016
Bangladesh central bank weighs lawsuit against NY Fed over cyber heist
The hackers also tried to move $20 million to an obscure non-profit entity based in Sri Lanka but that transaction was halted because they misspelt the recipient’s name.
03/23/2016
Appleby Acted For K. H. Group
A majority of the proceeds will be used to operate prospective foundation projects, to hire additional staff and to purchase machinery and equipment.
03/23/2016
Asia, Japan bankers associations ink memorandum of understanding
Wu and the head of the JBA, Yasuhiro Sato, represented their respective organizations in the signing.
03/23/2016
British and Australian financial regulators sign agreement to support innovative businesses
The regulators will provide support to innovative businesses before, during and after authorisation to help reduce regulatory uncertainty and time to market.
03/23/2016
ASIC calls out weak conflict policy in vertical business
We saw some very real examples where the conflict in question was so fundamental that complete avoidance was necessary - the conflict could simply not be managed internally and disclosed externally.
03/22/2016
Apologise, else lawsuit: Devendra Fadnavis warns Digvijaya Singh
Mr Fadnavis' lawyer Ganesh Sovani has asked Mr Singh to tender an unconditional apology to Mr Fadnavis within two weeks.
03/22/2016
ASIC targets fund manager conflicts
Global push against bad corporate culture
03/22/2016
MoU sees Guernsey's fund industry agree closer ties with China
The British Private Equity & Venture Capital Association's Channel Islands Working Group was also a signatory to the MoU and will enjoy the benefits that come with closer ties.
03/22/2016
International law firm Opens in Tokyo
International law firm Debevoise & Plimpton has announced the opening of an office in Tokyo.
03/22/2016
WSJ: US authorities scrutinising Goldman Sachs-1MDB bond deals
The same source also claimed that federal authorities in the US are also “exploring” whether Goldman’s hiring practices in the region violated US anti-corruption laws.
03/21/2016
Philippines scrambles to save face after heist
John Gomes, Bangladesh's envoy to the Philippines, said his country wants the money back
03/21/2016
Appleby Advised On Two Asian-Mena Counsel's 'Deals Of The Year'
Appleby provided cross-jurisdictional offshore legal advice in Dalian Wanda’s HK$28.9bn listing on the Main Board of the Hong Kong Stock Exchange in December 2014.
03/21/2016
Trader for NAB sued over blue-chip stock spike
The Australian Securities and Investments Commission has launched legal proceedings against Whitebox Trading and its sole director, Johannes Boshoff for manipulating the stock market on October 18, 2012.
03/21/2016
ASIC reviews culture, conduct and conflicts of interest in vertically integrated funds management businesses
Going forward, ASIC will continue its focus on culture and conflicts management across the financial services industry
03/21/2016
ASIC consults on proposed guidance about 'robo-advice'
ASIC is also seeking feedback on issues that are unique to digital advice businesses
03/21/2016
ASIC issues guidance on marketplace lending
The information sheet also includes good practice strategies that marketplace lenders may consider adopting.
03/20/2016
Chinese Planner Promises Foreign Companies Access to Markets
The China Development Forum 2016 is being closely watched by global companies because it comes at the start of the ruling Communist Party's latest five-year development plan that runs through 2020.
03/18/2016
Ogier advises Asian Deal of the Year
This was the first non-sovereign USD Sukuk out of Indonesia and the first Asia Pacific national flag carrier to successfully issue a USD benchmark bond on a standalone basis since Qantas Airways’ USD bond offering in April 2006.
03/18/2016
UOB announces Taiwan market expansion plan
UOB Asset Management Taiwan is soon to file fund issuance applications after winning an operation license from the Financial Supervisory Commission last month, the first by an entirely foreign fund house in 15 years.