08/24/2022
Ex-Malaysia PM Loses Final Appeal and Heads to Jail
The latest convictions are just part of one out of five trials that Najib faces over 1MDB-linked accusations.
Legal, Regulation & Compliance
08/23/2022
Finance ministry sets targets for banking system
The Ministry of Finance (MoF) has issued targets for restructuring banks in a bid to bolster the strength of Vietnam’s financial sector.
08/22/2022
Use of technology in arbitration and court proceedings in Hong Kong
There are also increased demands in the industry for the use of technology in court proceedings, and accordingly, innovative measures have been introduced in the Hong Kong Special Administrative Region.
08/19/2022
AMTD Digital’s Underwriter Probed by Hong Kong Watchdog
AMTD has been recently placed in the spotlight after the share price of its newly listed digital unit surged more than 32,000 percent
08/18/2022
UOB and Doxa team up to digitise trade financing and procurement
This will unify the financial ecosystem and we are excited to be part of this journey.
08/17/2022
ASIC secures over $102 million in remediation for Freedom Insurance customers, with more to come
AIA Australia, NobleOak Life, Swiss Re Life & Health Australia and ClearView Life Assurance issued the policies distributed by Freedom Insurance.
08/16/2022
Thailand securities regulator awards four new digital asset licences
Earlier this month, the central bank announced plans to kick off a pilot project to test its digital currency at the end of the year.
08/15/2022
ASIC bans West Australian financial services director for six years
Ms Hutchinson has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC’s decision.
08/12/2022
APRA releases final reporting standards on updated capital framework for banks
APRA has made changes to these new collections to better meet data needs, simplify reporting requirements, and reduce the need for future data collections and ad hoc requests.
08/10/2022
Thailand central bank to kick off digital currency pilot test at the end of 2022
The project will be separated into a foundation track which will assess the efficiency and safety of the digital currency system, and an innovation track that will focus on development of innovative use cases.
08/10/2022
Australian financial institutions take climate risk seriously, regulator says
With stakeholder expectations on climate risk only going to rise further in coming years, we urge all regulated entities to consider the findings and reflect on their preparedness
08/10/2022
BMO Expands Presence in Japan with Securities License
"BMO applied for a Securities license after a strategic review that showed a high correlation between our Global Markets products and demand in Japan,"
08/09/2022
Six Bank Wealth Management Subsidiaries Obtain Approval for Operation in 2022
The company has 2 billion yuan in registered capital and is headquartered in the Shandong province city of Qingdao.
08/08/2022
Former financial adviser banned following conviction for dishonesty offences
Mr Nesseim has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC's decision.
08/03/2022
Chinese regulator says shadow banking sector needs constant scrutiny to guard against risks spilling over into the economy
The comment highlighted regulators’ growing concerns of financial risks in the banking system amid scandals in Henan and Anhui provinces as well as a mortgage-payment revolt that has spread to over 90 Chinese cities.
08/03/2022
HSBC Urged to Give Ping An a Board Seat
The bank is expected to argue that its future depends on its global network of clients and services and may reportedly respond to Ping An’s call by accelerating its exit from non-core markets and deployment of additional capital in Asia.
08/03/2022
ASIC bans Adelaide based financial adviser for five years
Mr Simeone’s conduct demonstrated he was not adequately trained or competent, was not a fit and proper person and was likely to contravene a financial services law in the future.
08/03/2022
Harneys wins Securities Deal of the Year at The Asia Legal Awards 2022
The awards identify and honour the most important transactions and cases with the most complex and outstanding legal work in Asia.
08/02/2022
APRA looks to enhance strategic planning and member outcomes in super
After considering submissions on the discussion paper, APRA intends to release draft enhancements to the SPS 515 framework early next year for a further round of consultation.
08/01/2022
MAS and the International Financial Services Centre Authority Exchange Memorandum of Understanding on Supervisory Cooperation
The MOU provides a framework for supervisory cooperation between the two authorities in relation to financial services including stock exchanges and technical cooperation