Australia

Australian business ethics and anti-bribery survey reflects regional trends

Our survey of the Top 150 publicly listed companies provides an insight into corporate Australia’s approach to business ethics, codes of conduct and anti-bribery policies. That approach clearly resonates with global trends, with many of the companies surveyed having an … Continue reading

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Filed under Australia, Bribery and Corruption, Corporate Crime

Market abuse update – July 2016

The Market Abuse Regulation (MAR) and the Criminal Sanctions (Market Abuse) Directive came into application in Europe on 3 July 2016.  Various outstanding pieces of secondary legislation were published in the Official Journal shortly before then, and further material has … Continue reading

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Filed under Americas, Asia, Australia, Europe, European Regulation, France, Hong Kong, Uncategorized, US

Market abuse update – April 2016

This will be our last quarterly Market Abuse update before 3 July 2016, the date when both the new Market Abuse Regulation and the Criminal Sanctions (Market Abuse) Directive come into application across Europe. Some significant pieces of the regulatory … Continue reading

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Filed under Americas, Asset management, Australia, Banking, Estonia, EU, Europe, European Regulation, France, Germany, Insurance, Investment banking, Investment Funds, Italy, Liechtenstein, Spain, Ukraine, Uncategorized, US

The EU Securities Financing Transactions Regulation

The Securities Financing Transactions Regulation (SFTR) entered into force on 12 January 2016.  The SFTR has a broad scope with extraterritorial and retrospective reach, and impacts on both EU and non-EU financial and non-financial counterparties.  All firms involved in securities … Continue reading

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Filed under Americas, Asia, Australia, Banking, Europe, European Regulation, Funds

Mitigating cyber security exposures: risk transfer through cyber insurance

Now may be the time to review your cyber risk mitigation strategy and give serious consideration to whether the financial cost of cyber attacks could be transferred to insurers at a fair price. Cyber security is amongst the leading risks … Continue reading

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Filed under Americas, Asia, Australia, Europe, JURISDICTIONS, UK

Ratings downgrades possible for banks with weak cybersecurity

In a note published last week, ratings agency Standard & Poors (S&P) said it viewed banks as natural targets facing a high threat of cyber-risk, although it considered the global credit risk of a cyber attack to be only medium, because it … Continue reading

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Filed under Americas, Asia, Australia, Banking, Europe

Trans-Pacific Partnership – agreement reached 

After many hours of intense negotiation, agreement has been reached on the landmark Trans-Pacific Partnership (TPP) concluding a final lengthy round of negotiations in Atlanta, USA on 5 October 2015 (Washington DC time). The full text of the agreement (constituting … Continue reading

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Filed under Americas, Asia, Australia, Latin America, UK, US

Corporate Crime Monthly Update September 2015

Welcome to the September 2015 edition of our corporate crime update – our round up of developments in relation to corruption, money laundering, fraud, sanctions and related matters. Our update now covers a number of jurisdictions. For the full update … Continue reading

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Filed under Americas, Asia, Australia, Bribery and Corruption, China, Corporate Crime, EU, Europe, France, Hong Kong, India, Indonesia, Japan, JURISDICTIONS, Korea, Pakistan, Thailand, US, Vietnam

Australia: Derivatives clearing and single-sided reporting exemption regulations made

The Australian Government has made and registered a critical Regulation dealing with mandatory clearing of derivatives and an exemption allowing certain single-sided reporting. 

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Iran sanctions – agreement announced regarding nuclear program and sanctions relief

In the early hours of July 14, 2015, it was announced that the P5+1/EU3+3 and Iran had reached agreement on the Joint Comprehensive Plan of Action regarding Iran’s nuclear program (the “JCPOA”). This builds on the framework announced in April … Continue reading

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Filed under Americas, Asia, Australia, EU, JURISDICTIONS, Sanctions and Money Laundering, US