08/14/2015
Recent changes in Chinese Foreign Exchange Policy - RBC Global Asset Management
Facts and Implications
Legal, Regulation & Compliance
08/13/2015
Former Westpac financial planner permanently banned
The false policies contained invented details, including imaginary conversations and false signatures, and none were either requested or approved by any existing or new Westpac customer.
08/10/2015
Online equity financing platforms to be regulated by China
The inspection will focus on several aspects, including whether the online fund raisers have promoted themselves publicly
08/10/2015
Court takes ACCC back to basics
In ANZ, the ACCC contended for a market for the supply of loan arrangement services
08/10/2015
NZ Super Fund's debt claim against Portuguese bank OK'd for UK court
The central bank of Portugal bailed out BES, splitting its assets and loans into a good and bad bank, with the bank's main shareholders forced to leave their interests in the bad bank.
08/07/2015
Eversheds adds corporate partner in HK
The firm’s Asia corporate practice comprises 30 lawyers, including eight partners.
08/06/2015
Australian tax data exchange unlawful, court rules
A judge’s ruling that the Cayman Islands Tax Information Authority acted unlawfully when it handed over a trove of documents on two Cayman-registered companies to Australian tax authorities has been upheld by the Court of Appeal.
08/05/2015
China Central Bank Defends Online Payment Rules, Critics See Rules Stifling Industry Innovation
China’s central bank has moved to defend draft rules that would force online payment processors to channel large payments through traditional bank accounts
08/05/2015
Korea fund managers demand clarity on tax reforms
Recent tax incentives introduced in Korea to encourage overseasinvesting funds have not been enough to please domestic managers, who are demanding greater clarity over the new rules.
08/04/2015
Three out of four major banks above APRA's investment guideline
NAB was followed by ANZ, which recorded growth of 12% and CBA, which recorded growth just above APRA’s guidelines at 10.2%.
08/04/2015
HK regulator fines BNP Paribas $1.9 million for 'dark pool' trading
Hong Kong securities regulator said on Monday it fined French bank BNP Paribas HK$15 million ($1.93 million) for failures related to "dark pool" trading.
08/04/2015
US hedge fund Citadel embroiled in China's trading probe
One of the Chicagobased hedge fund's jointventure managed accounts has been suspended by the Shenzhen Stock Exchange, making it the first foreign victim of China's crackdown on shortselling.
08/04/2015
Ogier announces two partner appointments in Hong Kong
Ogier Hong Kong practice partner Nicholas Plowman said: “Our Hong Kong team continues to make massive strides in the market
08/03/2015
ASIC watchdog moves on failed Bendigo land-bank scheme Midland HWY
The Australian Securities and Investments Commission has announced it will move in the Federal Court on Monday to remove the administrators of Midland HWY Pty Ltd, describing it as a "failed land-banking company".
08/03/2015
Singapore faces shortage of compliance experts in fight against dirty money
Demand for experienced compliance experts soars in city state as banks go on hiring spree amid the government crackdown on tax evasion
08/03/2015
Japanese cops nab CEO of MtGox Bitcoin exchange
It was not immediately clear if there would be more charges against Karpeles, who reportedly denied the allegations.
08/03/2015
‘Fortress Europe’ freezes Cayman Island hedge funds out
Hedge fund managers domiciled in the Cayman Islands, the US, Hong Kong and Singapore face uncertainty over whether they can sell their funds across Europe following a ruling by a European regulator.
07/31/2015
China securities regulator asks financial institutions in Hong Kong, Singapore for stock trading records: sources
Three sources at Chinese brokerages and two at foreign financial institutions said the China Securities Regulatory Commission had asked for trading records in order to identify investors who had taken net short positions against Chinese stock markets.
07/31/2015
China makes FX rules ready for foreigners to trade its commodity futures
The imminent opening of its booming commodity futures market is a major reform supporting Beijing's efforts to increase its sway on global commodity pricing. China is the top global consumerr of many raw materials.
07/30/2015
Appleby Advised CHINA ORIENT on HK$560m Loan Facility
Ample Mark also agreed to subscribe and pay for the Convertible Bonds issued by Skyfame in an aggregate principal amount of HK$40 million.