International

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
Regulators are limited in how far they can accommodate FinTech innovations by the legislation they operate under, said Philippa Allen, chief executive of consultancy ComplianceAsia. FinTech...
September 2016
In recent years, deferred prosecution agreements (“DPAs”) have become a common tool for US prosecutors and regulatory bodies to reach an arrangement with financial institutions when wrongdoing is...
September 2016
Conduct issues will continue to remain high on the agenda of Asia's regulators, following a few high profile events that have unfolded in the financial markets in Singapore and Hong Kong, consultants...
September 2016
Regulators are heading in the the right direction in reforming the way banks calculate how much capital they must hold to stay solvent, a group of central bankers said on Sunday, 11 September. The...
September 2016
US financial regulators gave over-the-counter ("OTC") swap dealers an extra month to comply with new derivatives trading rules set to take effect on Thursday, 8 August, after Asia's market...
September 2016
The Committee on Payments and Market Infrastructures and the International Organisation of Securities Commission are advancing efforts to develop a global standard that would allow regulators to...
September 2016
The International Monetary Fund ("IMF"), Financial Stability Board ("FSB") and Bank for International Settlements ("BIS") released a document taking note of ways that prudential regulation...
September 2016
Eight years since Lehman Brothers' collapse sent the financial system into a tailspin, a remaining reform to make derivatives safer will be rolled out from next week, though regulators still won't...
August 2016
Developments in the global financial services sector are increasingly starting to impact non-financial sector corporates, as regulatory authorities now expect them to have effective compliance...
August 2016
A proposed rule change to liberalise and clarify exemptions from intermediary registration for persons outside the US by the Commodity Futures Trading Commission ("CFTC") may benefit Asian...
August 2016
The Financial Stability Board's recent proposals on resolution of central counterparty clearing houses ("CCPs") demonstrate that they will not be too-big-to-fail, and that if they do fail, viable...
August 2016
The New York branch of Mega International Commercial Bank of Taiwan, one of Taiwan's biggest banks, has agreed to pay $180 million to New York state's financial regulator for anti-money...
August 2016
The Basel Committee on Banking Supervision has issued frequently asked questions (FAQs) on disclosure requirements under the Third Basel Accord regulatory framework. The committee...
August 2016
Debt bankers are warning of a rise in pulled deals as a result of the EU's new Market Abuse Regulation ("MAR"), which could have a much wider scope than originally thought and is already making...
August 2016
The Trans-Pacific Partnership Agreement (“TPP”), which was signed in November 2015 by the United States, Canada, Mexico, Peru, Chile, Japan, Brunei, Malaysia, Singapore, Australia, New Zealand and...
August 2016
Following the vote to leave the EU by the UK, we identify some of the issues that law firms representing asset managers in Asia should start considering to ensure their clients’ interests are...
August 2016
The US Supreme Court's recent decision in the RJR Nabisco, Inc. v European Community case confirms the broadness with which US authorities can pursue individuals and...
July 2016
The special advisor to the Organisation for Economic Cooperation and Development ("OECD") has told a Thomson Reuters summit that the scandal at Unaoil was "bigger and more shocking" to him than the...
July 2016