06/01/2021
Conyers Wins Two Awards
Partner Richard Hall advised Huazhu Group Limited on its secondary listing of shares in the company on the Main Board of The Stock Exchange of Hong Kong Limited.
Legal, Regulation & Compliance
06/01/2021
Japan's Top Financial Watchdog Sends a Warning Crypto Derivatives Exchange Bybit
The news follows the Bank of Japan Governor Haruhiko Kuroda criticizing digital currencies for speculation.
06/01/2021
ASIC issues information sheet on activist short selling in Australia
To protect the integrity of Australia’s securities markets, activist short sellers, target entities, market operators and market participants should apply the better practices outlined in INFO 255.
06/01/2021
Union Standard director banned
ASIC also found Mr Martin failed to implement and enforce compliance policies and procedures.
05/31/2021
Hong Kong Launches Banker Bubble
«Senior executives of licensed corporations or their overseas affiliates who are fully vaccinated and meet the eligibility criteria may apply for exemption from the compulsory quarantine arrangements when they return or travel to Hong Kong,»
05/30/2021
Hong Kong SAR: Amending AMLO: The Next Step on the Road to Regulating Virtual Assets
In the Conclusion the FSTB has confirmed the approach it will take will be in line with most of the proposals in the Consultation Paper
05/28/2021
Reserve Bank takes TSB to court on anti-money laundering law breaches
The Reserve Bank is taking TSB Bank to court for breaching anti-money laundering laws
05/28/2021
China’s Banking Regulator Adds Limits on Wealth Management Marketing
Otherwise the China Banking and Insurance Regulatory Commission’s final regulations differ little from the draft released five months ago that blocked WMP sales on internet platforms.
05/27/2021
Govt faces defeat on YFYS bill
The APRA analysis showed that as at the end of the March 2021 quarter, 54% of the $2.0 trillion investments were invested in equities, with 27% in international listed equities, 23% in Australian listed equities and 4% in unlisted equities.
05/27/2021
BSP Islamic banking liquidity risk rules out
During the observation period, the IB and IBU shall submit quarterly reports to the Bangko Sentral for monitoring purposes.
05/27/2021
ICMA, Bloomberg Publish APAC Guide on Tough Legacy Bonds
The report says 74 percent of this is primarily concentrated among financial issuers.
05/27/2021
Asian Monetary Policy Forum 2021 Special Edition and MAS-BIS Conference on “Macro-Financial Stability Policy in a Globalised World: Lessons from International Experience”
This year’s AMPF gathers central bank governors, senior officials and leading academics, to discuss macroprudential policies that safeguard financial stability and complement monetary policy in the context of international spillovers.
05/27/2021
Charges filed in the Federal Court against ME Bank
The Court has not yet set a date for the first return of the matter. Further details will be released following that hearing.
05/27/2021
LIBOR transition in the Asia Pacific region: Time is running out
Fallback language and legislative solutions are (and always will be) a ‘seatbelt’ solution; ASIC believes firms should examine whether this passive approach is the best option.
05/27/2021
ASIC sues AMP for charging deceased customers
ASIC further alleges that the AMP companies’ conduct demonstrated a system of conduct or pattern of behaviour that was, in all the circumstances, unconscionable.
05/27/2021
APRA releases general insurance statistics for March 2021
The industry reported a profit of $19m for the March quarter.
05/26/2021
Japan FSA Releases Guidelines on Climate Transition Finance
During the consultation, feedback was also sought from ICMA (International Capital Market Association), to ensure consistency with the ICMA Climate Transition Finance Handbook, which was published in December.
05/26/2021
WWF and Ogier back pioneering Climate Impact Asia Fund
The fund focuses on long only equity investments in the Asia Pacific region with a defined "climate universe", investing in companies that contribute towards the adaptation or mitigation of climate change and/or the transition to a low carbon ec
05/26/2021
Hong Kong seeks power to jail unlicensed bitcoin trading as city looks to combat money laundering via crypto-exchanges
Exchanges and start-ups expect smaller players to quit as the city will only permit trading by professional investors
05/26/2021
KPMG to help courts with of Singapore's biggest fraud cases
A number of lawsuits have been filed against Zhi – who reportedly took sums ranging from $500,000 to $3 million from five big-ticket investors at the start of this year, for transactions that never materialized.