International

Sapin II places significant obligations on large companies to implement anti-corruption compliance controls. Failure to have an effective compliance programme in place, regardless of whether...
April 2017
A recent leaked Basel Committee on Banking Supervision document on the proposed capital floor rules for calculating risk-weighted assets using internal risk-based ("IRB") models shows...
January 2017
The willingness of US President Donald Trump to take on global corruption will be a big regulatory question looming over his new administration. He assumes office having done business in high-...
January 2017
International standard-setting bodies for financial regulation could find it harder to achieve their intended results in future as political movements threaten to remove the consensus such bodies...
January 2017
In October 2016, a select panel of esteemed judges from eight jurisdictions met in Singapore for the inaugural Judicial Insolvency Network (“JIN”) Conference.  The judges were from Australia (...
December 2016
Hong Kong, Singapore and Australia will introduce strict new rules for trading over-the-counter ("OTC") derivatives on 1 March, as the three jurisdictions look to implement international reforms...
December 2016
Australia and China agreed on Tuesday, 1 November, to share intelligence about potential financial crime as part of a crackdown on cross-border money laundering and terrorism financing, as...
November 2016
Launched by CUHK's Professor Julien Chaisse in 2015, the Asia FDI Forum series provides a multi-stakeholder platform anchored in Hong Kong for participants from academia, government, the private...
November 2016
The introduction of International Financial Reporting Standard 9 ("IFRS9"), which requires banks to make credit loss provisioning, is expected to reduce banks' capital ratios significantly, as well...
October 2016
The first cross-border transaction between banks using multiple blockchain applications has taken place, Commonwealth Bank of Australia and Wells Fargo & Co said on Monday, 24 October, resulting...
October 2016
How do we know we are winning the counter-money laundering war? Are governments measuring the effectiveness of the anti-money laundering and counter-terrorism financing ("AML/CTF") regime from a...
October 2016
Hong Kong as a super-connector in the “One-Belt-One-Road” initiative has all along adopted a pro-arbitration approach to resolve disputes. Parties of different social, cultural and economic...
October 2016
The changing demands of clients and society require us to continuously update our knowledge and skills. Our mandatory Continuing Professional Development (“CPD”) Scheme was introduced in 1998...
October 2016
Insurance mergers and acquisitions rarely raise red flags with US national security watchdogs. China's Fosun International Ltd took that history to heart last year when it paid US$1.84...
October 2016
International Monetary Fund officials sought to play down the risk of an imminent crisis over Deutsche Bank on Wednesday, 5 October, and expressed confidence that German and European authorities were...
October 2016
In Ahmad v Her Majesty’s Advocate [2015] HCJAC 82, a Scottish appeal court queried whether a law firm had sufficiently robust internal procedures in place to ensure that a decision to...
October 2016
Two recent Court of Appeal cases, one in Hong Kong and the other in England & Wales, illustrate circumstances in which courts will waive the confidentiality attached to mediation and without...
October 2016
With most major markets in Asia-Pacific set to introduce the International Financial Reporting Standard ("IFRS") 9 by 2018, regional banks' earnings and regulatory capital ratios could face increased...
October 2016
Australian authorities are worried about the tide of money coming from southern China, including illegal funds linked to organised crime and wealthy ­people with secret offshore ­accounts. Other...
September 2016
The United States is investigating a number of Chinese companies for suspected breaches of sanctions on North Korea, and Chinese banks and firms should understand that dealing with North Korea is "...
September 2016