12/31/2013
Taiwan Welcomes New Year with Bitcoin Warning
The Financial Supervisory Commission of the Republic of China and the Central Bank of the ROC have issued a joint statement warning against the use of bitcoin in Taiwan.
Legal, Regulation & Compliance
12/26/2013
NAB, UBS brought to heel by watchdog over market misconduct
The corporate watchdog has penalised National Australia Bank and investment bank UBS
12/25/2013
Japan to put benchmark interbank rates under tighter regulatory oversight
Japanese authorities said they will put benchmark interest rates under stricter regulatory oversight, in response to global scrutiny after scandals over manipulation.
12/23/2013
Bahamas and China sign mutual visa exemption agreement
He said The Bahamas is an important country in this region and very famous tourist attraction and off-shore financial centre.
12/23/2013
Sting operations, bad loans hit all from SBI to Yes Bank
This year saw RBI looking at plugging loopholes in the regulatory system ahead of the entry of new banks.
12/23/2013
Australia Sets Higher Capital Buffer for Four Biggest Banks
The new capital impost will take the big four Australian banks’ minimum common equity tier 1 capital requirement to 8 percent, in line with current capital levels at the lenders, according to their annual reports.
12/23/2013
Winston & Strawn Hong Kong gets new partner
He also advises investors on corporate governance issues, and how to invest in emerging markets
12/20/2013
Herbert Smith Freehills named best financial law firm for third consecutive year
Herbert Smith Freehills has once again been named the Best Financial Law Firm by FinanceAsia for the third consecutive year.
12/20/2013
JS Bank wins injunction against Transparency in Germany
The court ordered Transparency to immediately state the reasons for their objection.
12/19/2013
Allens in Singapore down to one lawyer after final partner exit
The Australian outfit, which allied with the magic circle firm in May last year and has since moved into their offices on George Street in the city-state, has seen the departure of 11 lawyers and four partners in the region since the beginning of 2012.
12/19/2013
Hong Kong Regulator Slaps HSBC Stock Brokerage Unit with $5 Million HKD Fine
Details on the SFC official notification state that the multi-asset broker had submitted a license application to enhance its product offering with certain terms and conditions that were agreed with the regulator at the time.
12/18/2013
Former DBS staffer gets Hong Kong life ban
Hong Kong's securities regulator has banned Ivy Kiu Koon Yee from the financial services industry after six counts of theft and two counts of dealing with property believed to be unlawful.
12/17/2013
Appleby Reports Offshore Incorporation Activity For The First Half Of 2013
The number of new incorporations across the whole offshore region has fallen slightly compared with the previous six-month period but as the number of firms ceasing to trade has also dropped, this has allowed most registries to continue to grow. Many are
12/16/2013
Headhunters exploiting regulatory pressure on banks
Compliance with regulations has put cost pressures on banks, creating internal instability and making them fertile hunting ground for recruiters in 2013.
12/16/2013
Former Malaysian fund manager fined $390,000 for providing misleading disclosures
Mohamed was charged in 2003 with two offences for authorising the misleading statements to be made to the SC and one offence for having abetting Metrowangsa in using RM50 million of Lembaga Tabung Haji's moneys to pay its other clients.
12/16/2013
Milbank hires new partner in Hong Kong
He joined from Allen & Overy
12/16/2013
Legacy SJ Berwin HK partner joins Stephenson Harwood
Duel qualified in Hong Kong and in England and Wales, she has practised in each of the jurisdictions for over a decade.
12/12/2013
Parkes Mayor says Lehman Brothers settlement could take months to finalise
The shire headed the action on behalf of a group of councils, churches and charities that lost around $180m on investments in the Global Financial Crisis.
12/12/2013
KPMG: Turned Over China Documents to U.S. Regulators
The handover is part of a U.S.-China deal reached in May that allows the U.S. access to audit firms' documents about their Chinese clients, conveyed to the U.S. through Chinese regulators.
12/11/2013
Indian Regulator Frustrates Asset Managers as Control on Mutual Funds Tighten
A Reuters report said the Securities and Exchange Board of India or SEBI has began a crackdown on mutual funds, which has frustrated asset managers