07/27/2015
Industry super funds campaign against governance changes
The Federal Government wants to shake up the governance of super boards and legislate that a third of trustees are independent directors.
Legal, Regulation & Compliance
07/27/2015
Dearth of compliance expertise complicates Singapore's fight against unlawful money
Singapore's fight to stem illicit fund inflows has shoved private bankers into a new quandary - finding enough qualified compliance specialists to ensure the money passing through their accounts is clean.
07/27/2015
Nippon Wealth Limited Opts for Wolters Kluwer Financial Services as It Establishes Operations in Hong Kong
Hong Kong-based Wealth Management Firm Signs Up to use OneSumX for Anti-Money Laundering and Regulatory Reporting
07/26/2015
IDFC gets banking licence, plans to begin operations from October
Bandhan Financial Services Private Ltd, the other entity, was granted a banking licence last month. Bandhan Bank is set to commence operations from August 23.
07/26/2015
Dearth of compliance expertise complicates Singapore's fight against unlawful money
Singapore's fight to stem illicit fund inflows has shoved private bankers into a new quandary - finding enough qualified compliance specialists to ensure the money passing through their accounts is clean.
07/24/2015
NAB flags $25m refund to 62,000 customers over Navigator error
National Australia Bank is repaying 62,000 wealth customers a total of $25 million after internal errors meant clients were not paid all the money they were owed.
07/24/2015
ANZ ups investor rates in response to APRA guidelines
ANZ has become the first bank to revise home lending rates independently of the Reserve Bank in more than three years, as new limits to cool the investment property lending boom take hold.
07/24/2015
Appleby Acts as Cayman Counsel on Four More HKEx Listings
Leading offshore law firm Appleby continues to demonstrate its strength in the capital markets practice, advising on four further listings on the Hong Kong Stock Exchange.
07/24/2015
Westpac seen expanding capital buffer with A$750 mln hybrid
Regulators have given Australian banks have one year to raise around US$7 billion under new guidelines requiring banks to hold bigger cash buffers.
07/24/2015
Singapore vows tough action on banks in 1MDB scandal
Also pledges full assistance and sharing of information with Malaysian authorities.
07/24/2015
Capability review of the Australian Securities and Investments Commission
The capability review will ensure that ASIC has the appropriate governance, capabilities and systems to meet these objectives and future regulatory challenges.
07/24/2015
Russian billionaire wins ruling to freeze art dealer's Hong Kong assets alleging he pocketed US$1b in secret profits
Russian tycoon accuses Swiss art agent of pocketing US$1b secret profits
07/24/2015
Baker & McKenzie Names New Global Leader for International Arbitration Group
Leng Sun serves as Chairperson of the arbitration panel jointly appointed by the EU and Korea
07/24/2015
The importance of recording sources of money received from offshore transactions
The risk is that if a taxpayer cannot meet the burden of proof for documenting of a receipt of money or a transaction
07/23/2015
Deutsche Börse gets Singapore regulatory approval for clearing house
Deutsche Börse Group has received full regulatory approval from the Monetary Authority of Singapore to operate Eurex Clearing Asia.
07/23/2015
Macquarie pays $11m advice compensation so far
Macquarie Group's comprehensive advice remediation program has paid $11 million to disgruntled advice clients a year after it was put in place.
07/23/2015
Standard Chartered Must Raise Up to $10 Billion, Mizuho Says
A capital issue would be dilutive, and we would expect the bank’s share price to fall initially
07/23/2015
Australia lags global M&A frenzy as bankers, lawyers look set for seventh boom
What we have now is the start of a possible seventh
07/23/2015
ANZ ups investor rates in response to APRA guidelines
The move is a notable escalation in moves by the big four to prop up margins.
07/22/2015
China denies exit of rescue funds
The China Securities Regulatory Commission has denied claims that it is considering plans to withdraw funds previously used to stem the recent stock market crash.