09/16/2014
“You are seeing stronger compliance and the banks themselves are being more risk-averse so they are making it harder to open accounts,” said Elise Donovan, head of the BVI office in Hong Kong responsible for Asia.
09/16/2014
A public servant and a National Australia Bank employee have admitted they ran a multimillion-dollar insider trading scheme.
09/15/2014
Indian banks will need more than $200 billion to meet Basel III international banking norms by March 2019, Fitch Ratings Inc. said on Monday.
09/15/2014
Investment firm braces for legal battle in Hong Kong
Hong Kong lawmakers criticized the company for a six week delay in revealing the losses and the police raided its offices in 2009.
09/15/2014
China’s regulator warns managers to step up risk controls
The regulatory watchdog will step up its efforts to crack down on illegal activities
09/14/2014
New Zealand's financial markets watchdog suspects banks are under-reporting breaches of the Financial Advisers Act.
09/12/2014
Merrill Lynch also failed to prevent an erroneous order into the ASX Trading Platform
09/12/2014
Feng told Global Times that he believes if China is to join the EADB, it will need to decide on its share and input in the bank as well as the functions it hopes to serve.
09/12/2014
Kirkland & Ellis epands Global Restructuring Practice in Hong Kong
He s one of the leading young restructuring lawyers practicing in Asia and focuses on cross-border transactions involving Indonesia, India, Malaysia, the Philippines and Thailand.
09/12/2014
Kirkland & Ellis Expands Global Restructuring Practice in Hong Kong
He dvises clients on all aspects of financial distress including consensual workouts, shareholder disputes, liquidations, receiverships and other enforcement options including litigation.
09/12/2014
US firm Duane Morris has become the first US law firm to enter Sri Lanka by forming an alliance with Sri Lanka-based Gowers International Legal Consultants.
09/12/2014
Hogan Lovells Recruits Second Hong Kong Corporate Partner of 2014
He is experienced in both domestic Hong Kong transactions as well as complex multi-jurisdictional cross-border transactions across the Asia-Pacific region and beyond.
09/12/2014
The company, formerly known as Citic Pacific, warned in 2008 it would suffer losses of $2 billion after bets on the Australian dollar and other currencies to hedge costs for an Australian iron-ore operation went sour.
09/12/2014
The EU proposal comes amid growing international strain over the implementation of new rules drawn up by the G20 nations
09/11/2014
The penalties dealt out to fund managers who commit fraud are not a severe enough deterrent, according to a senior university lecturer.
09/11/2014
Bank of America Corp.’s Merrill Lynch units appealed to Japan’s highest court against a ruling that they pay 14.5 billion yen for their role in a bond transaction with failed consumer lender Takefuji Corp.
09/11/2014
US regulations are the biggest barrier to growth for the Asian banking sector, according to experts at BNY Mellon, with the likes of Dodd Frank and FATCA impacting heavily on operations and business development.
09/11/2014
Tensions are growing between regional regulators over a proposal on collateral requirements that would make it more costly for Asian companies to trade with European banks in off-exchange derivatives
09/09/2014
The self-managed retirement savings of Australians are being increasingly targeted by financial criminals for fraud and money laundering, bank experts warn.
09/08/2014
At least seven foreign-owned retail bank branches in the UK, including some Indian ones, could be forced to close down in a crackdown on overseas banks in a bid to insulate the British economy from global crises.