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Asian bank resolution regimes
21 May 2013
Publication
Clifford Chance, in conjunction with the Asia Securities Industry & Financial Markets Association (ASIFMA), has conducted a survey of eight key Asian jurisdictions to obtain an overview of the insolvency regimes and resolution powers available in relation...
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Amendments to the CIS Regulations and regulatory treatment of closed-end funds
23 April 2013
Publication
With effect from 1 July 2013, enhanced prospectus disclosure requirements apply for offers of units in collective investment schemes to the retail public and an information memorandum is required to be furnished to investors for an offer of units in a restricted...
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BCBS-IOSCO minimum standards for margin requirements for uncleared derivatives
7 March 2013
Publication
International regulators have now published a ‘near-final’ policy framework setting minimum standards for margin requirements for uncleared derivatives.
“Margin requirements for non-centrally cleared derivatives - Second consultative document”...
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Clifford Chance receives outstanding client recognition in Chambers Asia Pacific 2013
1 February 2013
Award
At the Chamber China Awards 2013 the Firm was recognised as China International Law Firm of the Year and China Corporate Law Firm of the Year; and in the Chambers Asia Pacific Awards 2013 the Firm was named Singapore International Law Firm of the Year. Clifford...
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Why Singapore business trusts are proving popular with sponsors
29 January 2013
Publication
The recent initial public offerings ("IPO") and listing on the Singapore Stock Exchange ("SGX") of Religare Healthcare Trust, Ascendas Hospitality Trust and Far East Hospitality Trust, as well as the reported IPOs of others being planned,...
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The Asia Pacific Top Ten FCPA Enforcement Actions of 2012
24 January 2013
Publication
The Asia Pacific region remained a hotspot for US anti-corruption enforcement authorities in 2012. Six of the twelve corporate Foreign Corrupt Practices Act (FCPA) settlement agreements in the past year involved business operations in that region. In addition...
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Basel III: relaxations to the Liquidity Coverage Ratio
14 January 2013
Publication
The Basel Committee on Banking Supervision ("BCBS") published the finalised Liquidity Coverage Ratio ("LCR") on 7 January 2013. The finalised LCR is less onerous than the original formulation published in December 2010 and should therefore...
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New Regulatory Framework For Resolution Of Financial Institutions
14 January 2013
Publication
In line with domestic and international developments in the financial sector the Monetary Authority of Singapore (MAS) has reviewed its resolution regime and proposed certain changes to Monetary Authority of Singapore Act (Cap. 186) (MAS Act). Such proposals,...
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Asia Pacific Anti-Corruption Rankings for 2012
19 December 2012
Publication
Transparency International’s recently released Corruption Perceptions Index 2012 reveals important new data for companies operating in Asia Pacific. There is some improvement and some backsliding amongst the countries reviewed, but with only one exception,...
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Ten Hallmarks of Effective Compliance Programs for Asia Pacific Companies
13 December 2012
Publication
Designing a corporate anti-corruption compliance program for companies operating in Asia Pacific sometimes feels like trying to fit a round hole around a square peg. No amount of pounding will smooth the edges off a thousand years of guanxi.
Fortunately, perhaps...