07/25/2025
HKMA: Many Stablecoin Applicants Will Be Disappointed
In anticipation of stablecoin debuts, a number of locally listed stocks have garnered strong investor demand based on mere press releases.
Legal, Regulation & Compliance
07/25/2025
ASIC bans a further two financial advisers of MWL Financial Services
ASIC has reason to believe that each of the advisers is not a fit and proper person, is not adequately trained or competent and is likely to contravene a financial services law.
07/25/2025
Court-appointed administrators successfully distributed $19 million of assets to clients of Hong Kong Wan Kiu Investment Company Limited
The SFC’s legal proceedings arose from an investigation after detecting signs of financial irregularities on the part of HKWK.
07/24/2025
ASIC sues Fortnum Private Wealth for allegedly failing to adequately manage cybersecurity risks
As a result, ASIC claims Fortnum exposed the company, its authorised representatives (ARs) and clients of its ARs to an unacceptable level of risk of a cyber-attack or a cybersecurity incident.
07/23/2025
Monetary Authority takes disciplinary actions against three banks for contraventions of Anti-Money Laundering and Counter-Terrorist Financing Ordinance
There were significant deficiencies in IOBHK’s transaction monitoring mechanism and management oversight of the bank’s anti-money laundering and counter-financing of terrorism controls.
07/23/2025
Carey Olsen wins three China Business Law Awards for 2025
This is the first year that Carey Olsen's family wealth management practice has featured as one of the best in the market in the Awards
07/22/2025
Andrew Chow on Regulatory Challenges in Asian Wealth Management
Chow underscored the growing difficulty of establishing beneficial ownership amid inconsistent global standards, a challenge exacerbated by varying regulatory approaches across jurisdictions.
07/22/2025
MAS Appoints First Batch of EQDP Asset Managers; Commits S$50 million to Boost Equity Research and Product Listings; and Outlines Proposals to Enhance Investor Recourse
MAS and the Financial Sector Development Fund (FSDF) will place an initial amount of S$1.1 billion for management with these appointed managers.
07/22/2025
Carey Olsen's Helen Wang stars in ALB's Super 50 Disputes Lawyers 2025 list
Based in Carey Olsen's litigation, insolvency and restructuring team in Singapore, Helen has received a number of accolades for her work in this space.
07/21/2025
Investors pivot to S-REITs, bank stocks as T-bill yields drop to 1.8%: analyst
The report said Singapore-listed REITs (S-REITs) and major local banks are well-positioned to absorb this liquidity shift.
07/21/2025
Global financial system must rewrite its rules for the tokenised future, says BIS adviser
The rise of stablecoins poses new challenges to the global infrastructure for instant payment, clearing and settlement, said the gatekeeper of the world’s central banks
07/21/2025
MAS Denies License: Tokenize Xchange Exits Singapore
The decision not to grant Tokenize’s parent company, Amazingtech, a Major Payment Institution (MPI) license effectively bars the firm from continuing its digital payment token services in Singapore.
07/17/2025
Chia Der Jiun: Financial Sector Growth Expected to Slow
Assets under management increased 12.2 percent to a new high of over S$6 trillion ($4.7 trillion).
07/16/2025
Remedy Housing officials convicted of dishonesty offences
This prosecution demonstrates ASIC’s commitment to ensuring dishonesty in the credit and financial services industry is penalised.
07/16/2025
BBY former Executive Chairman Glenn Rosewall charged over BBY’s dishonest use of $1.95 million client money
This matter is being prosecuted by the Office of the Director of Public Prosecutions (Cth) (CDPP) following a referral from ASIC.
07/16/2025
Singapore and UK Collaborate on Energy Transition and Sustainable Infrastructure Investments in Southeast Asia
UK pledges up to £70 million to support Singapore’s FAST-P initiative to support clean energy transition and regional energy security
07/16/2025
Analytical Accounts of the Exchange Fund
Foreign assets, representing the external assets of the Exchange Fund, increased during the month by HK$9.5 billion to HK$3,596.2 billion.
07/11/2025
Reserve Bank of Australia plans wholesale CBDC trials on public and private DLTs
The securities regulator ASIC has provided some regulatory exemptions during the six month span of the project.
07/09/2025
APRA consults on amendments to phase out AT1 Capital
The Australian Prudential Regulation Authority (APRA) has begun consulting on proposed changes to its bank prudential and reporting frameworks to phase out Additional Tier 1 (AT1) capital instruments.
07/08/2025
ASIC appeals Federal Court findings relating to alleged unfair term used in insurance contracts by HCF Life
On 28 October 2024, the Federal Court found that while the pre-existing condition term was liable to mislead the public, it was not unfair.