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.
Legal, Regulation & Compliance
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.
07/29/2015
NZ institutional investors set up new corporate governance forum
A group of New Zealand's leading institutional investors plan to flex their investment muscle over corporate governance through a newly set up forum.
07/29/2015
Asian Imports
First published in STEP Journal July 2015
07/28/2015
Appleby advised Start Plus on CNY1.5BN Notes Issuance
The Appleby team was led by Frances Woo, group chairman and managing partner, and Associate Vincent Chan in Appleby’s Hong Kong office.
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.
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.