05/28/2014
CBA, ASIC slammed over 'sketchy' Senate inquiry submissions
The Commonwealth Bank has revised key details about the measures it took in compensating victims of misconduct
Legal, Regulation & Compliance
05/28/2014
Ashurst former senior partner hired as strategic adviser by Chinese ally
Green relocated to Hong Kong in 2008 to become Asia managing partner
05/27/2014
Goldman Veteran Hunts Smugglers in Philippine Graft Fight
Sevilla, 45, is President Benigno Aquino’s latest crusader in his battle against graft
05/27/2014
Offshore magic circle law firm launches Singapore office with glittering event
Our expansion into Singapore will enable us to build upon our success in Hong Kong and provide clients across Asia with top-notch legal expertise.”
05/27/2014
Baker & McKenzie Advises on the Sale of Four Retail Properties
The Link REIT currently has a portfolio consisting of properties with an internal floor area of approximately 11 million square feet of retail space and approximately 79,000 car park space
05/27/2014
Sebi finds mutual funds passively violating rules
The regulator finds some mutual fund schemes have not restricted a single investor from holding more than 25% of the corpus of a scheme
05/26/2014
Ex-JPMorgan CEO Fang Fang said to have cut deal with prosecutors
His move has allegedly prompted many at the bank to hire independent lawyers for their own protection.
05/26/2014
Alleged Cayman Island Ponzi scheme Centaur Litigation to wind up
The litigation funder's Sydney-based adviser, Buttonwood Legal Capital, last week told investors it had discovered ''a number of financial irregularities in relation to certain funds within the group''.
05/26/2014
China targets shadow banking in interbank clampdown
PRC regulators have issued stricter rules on interbank financial transactions as part of their continuing efforts to curb shadow banking and to deleverage the banking sector.
05/26/2014
Korea: 9 brokerages, trust firms under investigation
The financial watchdog said it started investigating nine securities and asset management firms, Monday, to see if they violated rules requiring them to inform investors of the risks and other details of their products.
05/23/2014
International law firm Advises City Financial on US$122M Asian Macro Fund Launch
The fund launch was notable in that there was no seed investor, with capital coming from a combination of investors in Mr. Barker's previous fund and from new investors.
05/23/2014
U.S. investor group urges Japan to step up corporate governance
Japanese companies are currently not required to appoint independent directors
05/22/2014
Regulators in China crack down on insider trading
Authorities have accumulated a considerable amount of data and improved the ability of digging information with the system
05/22/2014
SFC reprimands and fines Deutsche Bank Aktiengesellschaft $1.6 million for regulatory breaches
In deciding the penalty, the SFC took into account that Deutsche Bank reported the matter to the SFC and has since strengthened its internal controls on the monitoring and disclosure of its equity positions in Hong Kong listed companies.
05/22/2014
SFC reprimands and fines ICBC International Capital Limited and ICBC International Securities Limited $12.5 million each for failures related to IPO shares subscription
Although the subscriptions of some of these Placees far exceeded their declared net worth, ICBCI Capital nevertheless allocated the Offer Shares to them. As a result, massive debit balances were triggered after the Offer Shares were booked into their acco
05/22/2014
BNY Mellon to Sell 49% Stake in China Joint Venture -- Update
BNY Mellon submitted a plan to China's securities regulator to sell its 49% stake in BNY Mellon Western Fund Management Co.
05/21/2014
Former JPMorgan Hong Kong chief arrested
The bank hasn’t been charged with any wrongdoing
05/21/2014
MAS takes action against former employee of affluent banking unit of Malayan Bank for insider trading
The relationship manager had purchased shares from Sin Heng Machinery with confidential information concerning company at hand
05/21/2014
ASIC bans former Westpac trader
As a result of his conduct, approximately $17.6 million was written off the income statement
05/21/2014
China Backtracks on IPO Overhaul
Six months after promising to let the market play a "decisive" role in the economy, China's leaders have backtracked on a high-profile overhaul of initial public offerings.