12/16/2015
US and Chinese Financial Intelligence Units sign Memorandum of Understanding to facilitate information sharing
Regulators are working more closely than ever before
Legal, Regulation & Compliance
12/16/2015
Former Bangkok Bank of Commerce executives get six years for cheats in 1996
Former BBC executives get six years for cheats in 1996
12/15/2015
Chinese Regulators Welcome New industry Association
This points to the streamlining and trimming of the existing regulatory framework.
12/15/2015
Myanmar central bank to grant new foreign bank licences
The licence will be for onshore wholesale banking through a branch, and a call for expressions of interest will be made in early 2016
12/15/2015
Hong Kong watchdog fines JPMorgan for dark pool, control failures
Control failures also led the bank's broking and securities units to breach the rules governing how short sale trades are aggregated and documented.
12/15/2015
ASIC bans NAB-aligned adviser
ASIC also found Tidbury failed to accurately disclose fees associated with the advice and failed to provide sufficient information to clients about the charges associated with the switching of their financial products.
12/14/2015
Swiss bank’s colossal raisings take it back to mountain top
The colossal raisings from the nation’s largest lenders, prompted by a tightening regulatory environment, propelled ECM activity volumes back to levels last seen in 2009, the peak of the global financial crisis.
12/14/2015
Chinese tycoon who modeled himself on Warren Buffett helping authorities with probe, his firm says
Guo’s disappearance came in the midst of a far-reaching crackdown on corruption launched by President Xi Jinping.
12/14/2015
Court shuts Avestra schemes linked to 1MDB crisis
The report, compiled by Simon Wallace-Smith and Richard Hughes of Deloitte and released to The Australian by the court, also reveals that a Cayman Islands vehicle linked to the 1MDB scandal is the owner of the Avestra Credit Fund, which backed a takeover
12/10/2015
Securities Commission Malaysia Revokes Licences Of Mercury Asset Management
Ng’s CMSRL was revoked under section 72 read together with section 65 of the CMSA when she was found to have engaged in improper business practices
12/10/2015
China's Anti-Corruption Drive Nets Another Top Banker
He’s the latest to be demoted.
12/10/2015
Citi To Provide Execution to Custody Services for Spain’s Renta 4 Bank To Access China A-Shares Through Shanghai-Hong Kong Stock Connect
Citi will facilitate the trades by providing an integrated pre- and post-trade solution including execution, settlement and custody services.
12/08/2015
SECP steps to boost mutual funds
Overall expenses of mutual fund are capped through the introduction of expense ratio concept as being followed in multiple international jurisdictions.
12/08/2015
CBA executive awarded $300,000 after 'hellish' bullying
The victim, CBA's head of customer relations Brendan French, has not yet decided whether to enforce the award against his defamer Michael Fraser, who has no assets.
12/07/2015
Parliament tables new tax laws for investment trusts
Offshore investors are often not familiar with the nuances of the Australian unit trust
12/06/2015
Citic Securities says unable to contact two senior executives
Several high-profile brokerage executives have been investigated in mainland China
12/04/2015
SAFE granted 17 new QFII quotas in November
Beijing is pressing ahead with the RQFII programme and has recently included Malaysia as its 14th overseas jurisdiction in the scheme.
12/03/2015
RMB joins the elite club
As China rose to the top in international trade in recent years, it was natural for RMB to become much more widely accepted in the trading of goods and services
12/03/2015
Third SMSF auditor banned
SMSF auditors must maintain high standards or ASIC will hold them to account
12/03/2015
China Shanshui Cement Group Limited: Cement Shoes for Directors?
In 2011, in the case of Re China Milk Products Group Limited Mr Justice Jones held that the directors of an insolvent company had an inherent authority to petition for its winding up, even if they were not empowered to do so by the company’s article