Regulatory & Compliance

Hong Kong's securities regulator has filed a suit against Standard Chartered Plc, UBS Group AG and four other parties over the 2009 IPO of timber company China Forestry Holdings Co Ltd ,...
January 2017
The Hong Kong Monetary Authority ("HKMA") has published plans for a revised securitisation structure, implementing changes made by the Basel Committee on Banking Supervision to its...
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
Trade-based money laundering ("TBML") continues to be a growing concern to the Financial Action Task Force ("FATF") and regulators in Asia, a consultant said. Enhanced due diligence ("EDD") on...
January 2017
On 3 September 2016, China's Standing Committee of the National People's Congress passed a new resolution (the “2016 NPC Resolution”), which abolished the country’s three-decade-long approval regime...
January 2017
The People's Bank of China has announced a tightening of requirements relating to transaction monitoring and reporting of suspicious transactions. The amended rules were announced in late...
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
Expatriate investors in Asia have lost hundreds of millions of dollars through UK-listed life insurance companies whose offshore subsidiaries and financial adviser "agents" were neither registered...
January 2017
Hong Kong's Securities and Futures Commission ("SFC") should act less like a prosecutor and more like a fair-minded regulator in cases relating to corporate disclosure, a court said. In a key...
January 2017
Regulators in the major Asia-Pacific financial centres will continue their supervisory focus on trade-based money laundering in the year ahead, officials said. Authorities in Singapore and Hong...
January 2017
Hong Kong's Court of Appeal on Wednesday, 11 January, began hearing Moody's appeal against a tribunal decision that partly upheld regulatory action imposed on it for a report on Chinese...
January 2017
Around 30 banks in Hong Kong have been told by the Hong Kong Monetary Authority ("HKMA") to complete a cyber resilience assessment before the end of September next year...
December 2016
The proposed US person definitions under the Commodity Futures Trading Commission's ("CFTC") cross-border swap rules are expected to pose a high level of compliance burden to market participants...
December 2016
China's foreign exchange regulator said on Wednesday it busted illegal transactions totalling $2.7 billion in Shanghai in cooperation with the police in 2016, and suspended three unnamed banks...
December 2016
Singapore has proposed new rules that would require investors to report short sales of shares – a further sign authorities are stepping up scrutiny of investors who take a negative view on...
December 2016
China's central bank will tighten supervision of shadow banking businesses by including off-balance sheet wealth management products ("WMPs") into its risk-assessment framework next year, sources...
December 2016
Hong Kong's securities regulator issued two restriction notices on Friday, 16 December, to Interactive Brokers LLC ("IBLLC") and Interactive Brokers Hong Kong ("IBHK"), after it...
December 2016
China's securities regulator said on Friday, 16 December, it had approved the launch of options contracts for white sugar and soymeal, which will be the first agricultural derivatives products in the...
December 2016
Hong Kong's banking regulator has launched a competency framework for cyber security, as part of a bid to help banks in the territory offer reliable and innovative banking services. The ...
December 2016
China's insurance regulator has issued warnings to 10 companies after they failed to properly carry out self-inspections on their risk levels, the Securities Daily newspaper reported on Friday, 16...
December 2016