Tag Archives: Baker McKenzie
As “jurisdictions with substance”, WM hubs such as HK and SG could gain from global minimum corporate tax rate
PBs should prepare for stronger regulatory emphasis on compliance in 2021
November Regulatory Round-up: Ant IPO suspension may signal private sector retreat; SFC reassures FIs on US sanctions vs. NSL; MAS 2021 enforcement focus may shift to PB
Tax amnesty alone may be “insufficient” to lure Taiwan HNWIs’ assets onshore
August Regulatory Round-up: China opens bond market to foreigners; HK launches Limited Partnership Fund regime; HK security law may clash with US sanctions
Taiwan lures offshore assets, pushes onshore wealth management
Upcoming thematic review in Hong Kong spurs overhaul of PB recording for bespoke deals
Banks grapple with employment issues in COVID-19 crisis
Stronger data protection would increase risk of non-compliance for businesses in Hong Kong
Switzerland lags Asian finance centres in terms of regulatory proactivity
June Regulatory Round-up: New FAQs on suitability requirements; SFC fines Credit Suisse for disclosure misconduct; FATF releases HK AML evaluation
May Regulatory Round-up: “Vague” rules cause compliance complications; Concerns over new misconduct reporting laws; Revamp fintech, processes to achieve compliance
“Vague” new tax rules raise compliance concerns
Revised UT Code unifies disclosure standards of SFC-authorised products
2019 regulatory outlook: What’s in store for Asia’s private banks?
Key regulatory trends in 2018
November Regulatory Round-up: New tax initiatives in China and Malaysia; SFC implements FMCC; regulators introduce several fintech rules
Mixed reception for Malaysia’s new tax amnesty rules
Legal and ethical frameworks need to catch up with AI: Baker McKenzie
New offline suitability rules in Hong Kong may limit investor choice
Singapore casts a “much larger net” on senior management accountability than Hong Kong
SFC suitability checks for complex products “a tricky area”
Asian banks should pay attention to new EU privacy laws, lawyers warn
PWMA: Not all international banks are applying MiFID II in Asia
Financial regulators aligned on need for greater disclosure following data leaks
More clarity, greater notice required on MiFID II changes
China’s “piecemeal” approach to data protection making life difficult for banks: lawyers
Hong Kong a step closer to entering multilateral tax transparency network
Former UBS WM general counsel for Asia to join law firm
Confusion abounds as China enforces new cyber security rules, says law firm
Data protection and liability in focus as banks adopt AI, says law firm
Changes to tax landscape more extreme “than any period in history”, says tax specialist
New suitability requirements enforced with questions unanswered, say lawyers
Banks should revisit frontline selling processes to ensure compliance with suitability requirements, advises law firm
HK private banks must “rapidly expand” AEOI compliance approach, as govt eyes new reporting partners
SFC’s incoming client suitability clause: the impact on mis-selling claims and on RM selling processes
LGT-ABN AMRO deal involved two law firms
CRS likely to have messy impact on private banks warns legal expert
Lawyers in demand as private banks and investors seek Brexit clarity
Automatic exchange of information demands sending PBs scrambling
Banks, regulators increasingly turning to regtech, says law firm
In the eye of the storm
Public consultation for tax law
IRS reveals details of “Model 2” IGA, Hong Kong eyes options
More time on the clock as IRS modifies FATCA timelines
EW8: A silver bullet for Asia’s FATCA woes?
