11/11/2014

RBI tightens rules for "shadow banks"

The Reserve Bank of India has tightened rules for so-called "shadow banks", raising minimum capital requirements and restricting deposits with a set of changes that it hopes will protect consumers and the market without stifling growth.

11/10/2014

Five adverse effects of big bank mergers

The Financial Services Authority (OJK) has been urging state-owned banks to consolidate to increase assets and capital, so that the banks will be strong and ready to compete in the ASEAN Economic Community (AEC).

11/07/2014

KYC rules hurting banks, customers in emerging markets: HSBC India

While the Reserve Bank of India recently asked banks to partially freeze the accounts of customers who have not complied with Know Your Customer rules despite repeated requests, HSBC India CEO Stuart Milne said such regulations were making it more difficu

11/05/2014

Swiss authorities agree to hand over non-HSBC details

Over the past few years, the Indian government has been dispatching a number of requests to the Swiss authorities arising from either search operations done by the Income Tax department or information received on holdings of Indians in Switzerland from th

11/04/2014

International law firm strengthens Singapore presence

He has developed an in-depth understanding of the Asian market and business culture during the eight years in which he has worked in Hong Kong, which included a period as managing partner of the Hong Kong office of another international law firm.