05/08/2014
SFC reprimands and fines Kaiser $1.7 million
Kaiser Securities and Kaiser Futures were fined $1 million and $700,000 respectively.
Legal, Regulation & Compliance
05/08/2014
Indian-origin executive charged with fraud in US
An Indian-origin executive at an investment advisory firm here has been charged by the US Securities and Exchange Commission with fraud and of siphoning investor proceeds to pay for his luxury car payments and settle other personal expenses.
05/08/2014
Regulator approves China Development Financial's acquisition plan
Taiwan's Fair Trade Commission said Wednesday that it has approved an application filed by China Development Financial Holding to acquire mid-sized Cosmos Bank. The FTC said the green light was issued after the commission concluded that the acquisit
05/07/2014
The Chinese government may threaten Alibaba’s payment platform in a big way
In the filing that Alibaba Group made with US regulators today, the Chinese e-commerce company reveals that draft regulations In the filing that Alibaba Group made with US regulators today, the Chinese e-commerce company reveals that draft regulations
05/07/2014
Asia banks turn to "diplomats" as regulatory burden bites
Banks have a new buzzword to describe their strategy in Asia: diplomacy.
05/07/2014
International law firm expands family practice in Hong Kong
Last year they hired five lawyers
05/06/2014
New Zealand Banks Aren’t Playing Ball With RBNZ
The Reserve Bank of New Zealand is trying to take the steam out of New Zealand’s economy by raising the cash rate but banks aren’t playing ball.
05/05/2014
RBI panel says don’t force banks to become to insurance brokers
The reluctance on the part of the RBI and banks is clearly visible in the latest report being prepared by an RBI panel
05/05/2014
Foreign Funds With 'Opaque' Structures Can't Invest in India: Sebi
There have been apprehensions about possible round-tripping
05/05/2014
FATCA Compliance: What does it mean for mutual funds in India?
To avoid costs of compliance, financial institutions in India may decide to filter the US client that they want to be on board
05/02/2014
Simmons & Simmons to advise Kyrgyzstan on Sukuk and Takaful
The Simmons & Simmons Islamic Finance practice advises both Islamic and conventional financial institutions
05/02/2014
Reserve Bank of India refuses overseas bond sale with bank guarantees
Overseas bond sale planned by troubled firms with the backing of bank guarantees will be hit after the Reserve Bank of India curbed the practice and also laid out strict conditions for loans to overseas ventures which were used to pay back domestic loans.
05/02/2014
BofA Merrill GTS pioneers trade risk distribution dialogue in APAC
Banks are increasingly looking to distribute trade assets to global investors as regulatory reform focusing on leverage and liquidity ratios forces lenders to optimize balance sheet management and strategy.
05/02/2014
Winston & Strawn hires DLA Piper Asia corporate head in Hong Kong
She will be joined at Winston & Strawn by local partner Daniel Tang
05/01/2014
Further bans expected on bitcoin services in China
The People's Bank of China, the nation's central bank, recently held a meeting with representatives from commercial banks and third-party payment service providers to ban them from providing bitcoin transaction services in order to control risks
05/01/2014
After a Halt, China Approves More IPOs
Fresh Round of Initial Public Offerings Expected to Hit the Market as Early as May
04/30/2014
Song Lin case exposes graft in foreign investment banks
Song is also accused of using his influence to get Yang a job at UBS
04/28/2014
CBA owned advice licence cancelled by ASIC
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services licence of a Commonwealth Bank-owned advice group
04/28/2014
HFW advises Genting Hong Kong on €707 million newbuild cruise ship
A team of HFW lawyers has advised Chinese Dream Limited, a wholly-owned subsidiary of Genting Hong Kong Limited (Genting), on its newbuild cruise ship order with German shipbuilder Meyer Werft GmbH, in a deal worth €707.2 million (approx. HK$7,574 mi
04/28/2014
Appleby First Offer Offshore Legal Advice In China
Leading offshore firm awarded licence to practise offshore law from its Shanghai base