03/31/2015
BoE stress tests to focus on Asia and the eurozone
This year’s test includes shocks such as a contraction of more than 2 per cent in the eurozone economy
Legal, Regulation & Compliance
03/31/2015
New Afghanistan banking law may jump-start Islamic finance
Afghanistan could have a new banking law approved by parliament in a few months including provisions for Islamic products
03/31/2015
Lawyer charged with conspiracy to cheat bank of mortgage loans
A lawyer was hauled to court on Tuesday for his role in a housing loan scam
03/31/2015
New Basel Capital Rule Would Hurt Economy, Japanese Banker Says
Basel committee drafting rule meant to protect banks from interest-rate risk
03/30/2015
Chinese mutual funds approved to buy HK shares on Stock Connect
Chinese mutual funds have been given permission to buy Hong Konglisted shares through Stock Connect without the need of a QDII licence. The move is seen as a bid to boost northbound trades through the crossborder link.
03/30/2015
Dongkuk Steel under probe for embezzlement, tax evasion
Prosecutors have launched an investigation into one of South Korea’s top steelmakers, Dongkuk Steel Mill Co., over allegations of large-scale embezzlement and tax evasion
03/30/2015
Appleby Promotes Hong Kong Attorneys to Counsel
We are proud to be able to promote a group of individuals who are some of the best lawyers in the offshore market. Their ability to provide first-rate responsive services and counsel to our clients across time-zones means that Appleby continues to thrive
03/30/2015
Central bank on alert over deflation risk
Central bank governor Zhou Xiaochuan warned yesterday the country needs to be vigilant for signs of deflation
03/30/2015
China Agrees to Delay Implementing Bank Technology Rules
U.S. still pushing for China to suspend the rules, a senior U.S. Treasury official informs reporters
03/30/2015
Sebi proposes new fund-raising platform for startups
To help start-ups and young entrepreneurs raise funds, Sebi today proposed an 'Alternate Capital Raising Platform', wherein such firms can raise money from institutions and HNIs from the capital markets under a relaxed regulatory regime.
03/29/2015
Two Merrill Lynch officials face probe over botched Harvest deal
They pointed out that Peter Kim's father is Kim Baek-jun, a former presidential secretary of general affairs in the Lee administration.
03/29/2015
SEBI cancels certificate of registration of PineBridge Mutual Fund
PineBridge Mutual Fund has transferred its schemes to Kotak Mahindra Mutual Fund
03/29/2015
Sebi eases IFSC norms for intermediaries
Securities and Exchange Board of India has laid down rules to facilitate the take-off of the country's first international financial services centre in Gujarat next month
03/29/2015
Kuwait & China Ink Deal For Banking Control Cooperation
CBK, CBRC Aim To Boost Ties In Exchange For Regulatory Information
03/29/2015
RBI moves to restrict bank exposure to corporate loans
The Reserve Bank of India has proposed to lower the ceiling on how much a bank can lend to a single corporate group, in a move to curb risks in the banking sector at a time when bad loans are on the rise.
03/27/2015
Second bank executive charged over corruption allegations
Police have charged a second banking IT executive, understood to be Commonwealth Bank of Australia technology executive Jon Waldron, with corruptly receiving payments from a supplier.
03/27/2015
New changes in Civil Procedure Law in China could be small move towards English Common Law by Bill Ho, Counsel, Jin Mao P.R.C. Lawyers
It came into effect on 4 February 2015 and has been widely acclaimed as a milestone in China’s revolution of justice.
03/26/2015
India bank reforms positive but face implementation risks: Fitch
The announcement of the creation of a specialised Bank Boards Bureau in the recent Indian Union budget is likely to have a positive effect on corporate governance at state-owned Indian banks
03/25/2015
This year, compliance rules may be a damper on Hong Kong's Rugby Sevens
Institutional fund managers are finding it difficult to accept hospitality beyond reasonable limits because compliance is getting stricter
03/25/2015
Banks remain under pressure to clean up advice arms
The boss of Australia's big bank lobby group has defended his industry's stranglehold over the financial planning industry amid claims a consumer backlash is underway that could provide a boon for family-owned advisory firms.