01/27/2023
Sweet dreams: Korean bank entices customers with banknote-stuffed pillows
The pillows are filled with a combination of the banknotes and EPP, an eco-friendly material.
Legal, Regulation & Compliance
01/27/2023
Chinese consumers are eager to purchase luxury as a means of social advancement and self-differentiation, finds KPMG report
The report also draws upon insights from in-depth interviews with executives from the luxury industry to supplement the findings.
01/26/2023
Conyers Represents StoneBridge Acquisition Corporation
The business combination agreement, which has been approved by the Board of Managers of DigiAsia and by the Board of Directors of APAC, is expected to close during the second quarter of 2023
01/26/2023
J.P. Morgan Asset Management gets nod to buy out China joint venture partner
The joint venture firm, China International Fund Management, is 51% owned by J.P. Morgan Asset Management and 49% by Shanghai International Trust Co.
01/25/2023
Former Melbourne financial planner Bradley Grimm pleads guilty to dishonest conduct
This followed the listing for trial of the criminal charges against Mr Grimm to commence on 18 January 2023.
01/24/2023
Home finance companies and directors to pay $150,000 for failing to cooperate with AFCA
For the next 12 months, both companies are restrained from engaging in credit activity and the Heremaias are restrained from being involved in any business carrying on credit activity.
01/24/2023
APRA imposes additional licence conditions on Diversa Trustees
Diversa has approximately 320,000 members and more than $11 billion in funds under management.
01/23/2023
Sovereign wealth funds and capital call facilities – the issues to consider
Sovereign immunity risk small in Australia
01/20/2023
Hong Kong Woos Middle East Firms for Listings
The markets, for some, are in the mainland, Hong Kong and Southeast Asia.
01/20/2023
JPMorgan, Standard Chartered win approval to expand in China
The approval came more than two years after the US bank had applied to buy out CIFM, in 2020.
01/19/2023
THailand's SEC issues digital wallet rules
Pursuant to the transitional provisions, digital asset business operators who had provided custody of clients’ assets prior to the effective date of the regulations are required to fully comply within six months as from the effective date.
01/19/2023
Carey Olsen celebrates eight new entries in Legal 500 Asia 2023 with Singapore office ranked Tier 1 for second year in a row
In addition, Helen Wang, who was recently promoted to partner, and senior associate Amelia Tan have also been recognised as Rising Stars in Singapore.
01/19/2023
BOJ jolts financial markets but risk of a bigger shock remains
Standing pat caught some traders by surprise, but it’s unlikely to douse speculation that the BOJ will normalise policy as inflation in Japan accelerates and governor Haruhiko Kuroda nears the end of his term.
01/18/2023
Bank of Japan keeps yield control policy unchanged, dollar surges
The decision follows the BOJ’s surprise move last month to double the yield band, a tweak that analysts say has failed to correct market distortions caused by its heavy bond buying.
01/18/2023
Finma License Gives Arve Asset Management a Boost
Managing director Michel Fest said the company can now celebrate the two important milestones with the Finma authorization and the acquisition of the fund.
01/18/2023
FSC approves merger of Taipei Fubon Bank, Jih Sun Int'l Bank
Post-merger, Taipei Fubon Bank's projected NT$4.27 trillion in assets would rank it third among Taiwanese banks, behind the state-owned Bank of Taiwan and the private CTBC Bank.
01/17/2023
Thailand regulator launches climate risk guidelines for asset managers
“This will not only bring about optimal benefits to the asset owners but also help to develop the Thai capital market,”
01/16/2023
China and Trinidad and Tobago seeking to strengthen trade and investment relationship
They agreed on a work plan of activities to increase Trinidad and Tobago exports in Asia
01/13/2023
Malaysia regulator requires ratings agencies to have independent majority boards
“This development also points to greater demand and need for independent, high quality, timely and reliable assessments to enable investors to make informed investment decisions and at the same time, promote better market confidence,”
01/13/2023
Japan yields break central bank ceiling as markets press for policy shift
The stress was evident across the yield curve, forcing the BOJ to announce two separate rounds of emergency buying worth around US$13.9 billion combined.