07/01/2021
Former Quantum director Avrohom Kimelman pleads guilty to market manipulation and insider trading
On 3 December 2015, Mr Kimelman was appointed CEO of Quantum.
Legal, Regulation & Compliance
07/01/2021
Industry response to consultation on promoting consumer access to affordable advice
The response to CP 332 was unprecedented, with ASIC receiving 466 submissions from financial advisers, licensees, industry associations and relevant stakeholders.
07/01/2021
The HKMA hosts its flagship Regtech event – “Unlocking the Power of Regtech”
The winners of the HKMA’s Global Regtech Challenge were announced during the conference.
07/01/2021
Remarks by Mr Ravi Menon, Managing Director, MAS at the MAS Annual Report 2020/2021 Virtual Media Conference on 30 June 2021
The MAS SGD Facility for ESG Loans has provided funding at 0.1% to financial institutions for lending to small and medium enterprises under the ESG loan schemes.
07/01/2021
New PRC Data Security Law
China’s latest step in building its comprehensive data and cybersecurity regime.
07/01/2021
US bank lobby group gives Japan's MUFG a seat at the table
Tokyo-based bank chairman first from Asian lender on board of Bank Policy Institute
06/30/2021
Contractual Recognition Rules for stays on termination rights - Hong Kong SAR
One way to comply with the Stay Rules will be for the covered entity
06/30/2021
Appleby's Hong Kong office acts as Bermuda counsel to Zhuhai Holdings Investment Group Limited
The Scheme provides that each Scheme Shareholder is entitled to receive the cancellation price
06/30/2021
UK, Singapore Commit to Deepening Regulatory Cooperation
The two countries also announced an MoU to enhance bilateral cyber security cooperation
06/29/2021
Allens advises on one of the largest private equity and capital markets transactions of 2021
The Westpac Auto Business is one of Australia's largest auto finance businesses, writing approximately $4 billion in loans annually.
06/29/2021
ISSB Climate Reporting Standard Could be Ready by July 2022
The IOSCO timeline also envisages amendments to the IFRS Foundation’s constitution in time for establishment of the ISSB by November, as well as progress being made toward a multi-stakeholder consultative committee.
06/29/2021
FSB Launches Review of Corporate Debt Workouts
The review will also seek to identify good practices and examples of how well OCW frameworks have worked in terms of preserving value for viable companies
06/29/2021
SWIFT’s Enhanced Platform Endorsed by Six Global Banks
“By bringing together data and common services, we aim to significantly improve end-to-end efficiency and reduce total costs, while bringing new business value to end customers,”
06/29/2021
MAS Partners IMF, World Bank and others to launch Global Challenge for Retail CBDC Solutions
Finalists will pitch their solutions to a global audience on Demo Day to be held at this year’s Singapore FinTech Festival
06/29/2021
Full Federal Court upholds first ASIC product intervention order
This was the first order made by ASIC under these important new powers.
06/29/2021
ASIC and APRA release notes on inaugural Superannuation CEO Roundtable
The Roundtable was hosted by ASIC Commissioner Danielle Press and APRA Deputy Chair Helen Rowell.
06/29/2021
cdisqualifies SMSF auditor for breaching independence and auditing standards
SMSF auditors are fundamental to the SMSF sector and must meet minimum standards of behaviour to ensure they act and are seen to act with integrity and objectivity.
06/29/2021
China setting pace in central bank digital currency -Japan ex-regulator Endo
The People's Bank of China is leading after launching trials
06/28/2021
Pune: Wealth management firm CEO arrested in cheating case
The team also arrested a 30-year-old woman office bearer of the company.
06/28/2021
Consultants named among Australia's top analytics leaders
This is the most diverse set of entrants we have ever seen in the top 25.