11/29/2021
These amendments are detailed in the 'Consultation Conclusions on Listing Regime for Overseas Issuers' (Conclusions) – and this Update explains some of the key changes.
11/29/2021
The Court found that the statement that any capital invested in the Fund would be ‘stable’, in the sense of there being no risk of substantial loss of that capital, was a false or misleading representation.
11/29/2021
“We also expect Heritage to assign Accountable Persons under the Banking Executive Accountability Regime with responsibility for delivering the sustainable change needed at the bank,"
11/29/2021
MAS’ strategic approach towards a retail CBDC for Singapore acknowledges the dynamic nature of the payment landscape, evolving public preferences and the potential of nascent technology solutions.
11/26/2021
Introducer programs received considerable criticism in the Financial Services Royal Commission.
11/26/2021
Other discussions focussed on the progress of regulatory initiatives to bolster Hong Kong’s position as an international asset and wealth management centre and address misconduct and other issues with listed companies and initial public offerings.
11/26/2021
APRA Chair Wayne Byres said the transition to a lower-emissions economy created financial risks that businesses needed to be prepared for.
11/25/2021
This is the third consecutive year that the firm has received the award in this category which recognised the firm's legal expertise and commitment to clients in the Asia Pacific region.
11/25/2021
As a result, the directors were not able to engage with and provide robust challenge to the executive on risk topics.
11/24/2021
The penalty was part of a broader batch of more than 40 cases with fines issued to other tech firms outside of the banking sector
11/24/2021
The ASX outage was a very serious event, exacerbated by subsequent operational issues.
11/24/2021
Nicholas, who leads Ogier's Investment Funds practice in Asia, is one of the 100 PRC firm lawyers
11/24/2021
This is particularly the case given the SFC’s finding that many intermediaries are considering whether to maintain some form of hybrid working arrangement as the new normal after the pandemic.
11/23/2021
On May 7, 1MDB as plaintiff filed a US$1.83 billion suit against seven defendants for alleged breach of contract
11/22/2021
ASIC is not here to eliminate risk. Risk taking and encouraging innovation is an essential part of Australia’s financial system and economy.
11/21/2021
In addition, all four banks contravened the requirement of establishing and maintaining effective procedures for carrying out their duties in relation to ongoing CDD under the AMLO,
11/21/2021
Standard was hit by a further £900million fine in April 2019 for breaching the sanctions after a US investigation found it had been dealing with Iranian, Cuban and Sudanese individuals and entities.
11/19/2021
In addition, all four banks contravened the requirement of establishing and maintaining effective procedures for carrying out their duties in relation to ongoing CDD under the AMLO,
11/19/2021
In addition, all four banks contravened the requirement of establishing and maintaining effective procedures for carrying out their duties in relation to ongoing CDD under the AMLO,
11/18/2021
ASIC is inviting feedback on CP 351 from industry participants, consumer groups, actuaries and other interested stakeholders.