06/09/2013
RBI fines 3 private banks for violating KYC norms
The central bank, however, said its investigation of these banks did not reveal any prima facie evidence of money laundering.
Legal, Regulation & Compliance
06/04/2013
Capital Markets are Unprepared for OTC Derivatives Central - RESEARCH
Results show that 53% of capital markets respondents are not ready to centrally clear interest rate and credit default swaps
06/03/2013
Cambodian law firm Opens Laos Office
Cambodian law firm has opened an office in Laos.
06/02/2013
Addleshaws embarks on exclusive alliance with Tokyo firm
Our alliance with Hashidate Law Office, together with our investment in new overseas offices, provides us with a strong foot-print in key economies.
06/02/2013
Merrill Lynch to pay $120k over compliance infringement
The Australian Securities and Investments Commission (ASIC) said Merrill Lynch had failed to put in place "organisational and technical resources for its system for the automated processing of orders, including appropriate automated filters."
05/30/2013
AFS goes into liquidation
The resolution to wind up the company was made yesterday by creditors
05/30/2013
Jones Day to downsize in Beijing
Jones Day’s Beijing office could be halved in size in the coming months
05/29/2013
Ashurst adds to non-exec trend as ex-UBS and CBA duo join boards
A move that demonstrates the slow but increasing trend for City law firms to bring in non-executive directors to provide outside experience
05/29/2013
Harvest Fund Suspends Employee Investigated by Chinese Police
The central bank last month asked participants to examine trading histories as part of a crackdown on illegal transactions
05/28/2013
Will China light SJB's way to the US?
There is an unresolved issue in doing merger business in China
05/28/2013
Hong Kong SFC Cleared To Resume Case Against Tiger Asia
Tiger Asia closed in August and in December pleaded guilty to U.S. insider-trading charges that mirror those brought by the SFC in Hong Kong
05/27/2013
Linklaters launches in Seoul with two Hong Kong partners
The two partners are joined by a team of two internationally-qualified lawyers
05/26/2013
European Commission To Open Investment Talks With China
An EU-China investment agreement will help deepen our ties and sends the signal that we are firmly committed to building a strong partnership
05/25/2013
China central bank report promises financial sector reforms
The central bank has stressed that it would continue to deepen financial reform
05/23/2013
Indonesia financial regulator expects new banking law completed in 2014
The draft law would need to be approved by parliament and then by the president.
05/22/2013
UBS Securities fined in Hong Kong
The disciplinary action followed an investigation into UBS holding
05/22/2013
Ex-Lonsec MD convicted of insider trading
Norman John Graham, a former managing director of stockbroking firm Lonsec, was convicted of insider trading at the County Court of Victoria on Wednesday
05/22/2013
India fails to make much headway for its banks: professionals at CECA
The qualifying standard in the form of Asset Management Ratio is higher for Indian Banks
05/22/2013
Fund manager accused of insider trading
Former fund manager Li Xuli went on trial accused of insider trading at Shanghai Higher People’s Court
05/22/2013
Dominion Finance boss jailed
He is the first chief executive, in the recent finance company trials before the court, to be convicted