07/18/2013
UBS fined $30,000 for Decimal Point Mistake
UBS Securities Australia has Paid a fine of $30,000 After a Misplaced Decimal Point Caused the Price of a BetaShares ETF to fall by 99%.
Legal, Regulation & Compliance
07/18/2013
Taylor Wessing hires Morgan Stanley lawyer to launch Singaporean compliance group
He will also spearhead newly established RHTLaw Compliance Solutions, a financial services compliance consultancy firm.
07/17/2013
AIFMD set to sideline Asian funds
A significant number of Asian alternative fund houses are likely to cease all attempts to raise money in EU countries as a result of imminent European regulation.
07/17/2013
Basel III 'constrains' ANZ in Asia: Hodges
Australia and New Zealand Banking Group Ltd deputy chief executive Graham Hodges says the bank's Asian operations are facing regulatory constraints from the Basel III Rules
07/17/2013
Fund managers skip Asia's first Basel III Tier 1
UOB sells bulk of new hybrid to local Private Banks
07/16/2013
Singapore banks have strong financial positions: MAS
MAS said that while some borrowers are at risk, especially when interest rates rise as a result of a tightening of US monetary policy, "the local banks are not at risk".
07/15/2013
Leading global professional services firm expands senior team in Asia
Alvarez & Marsal, a leading global professional services firm specializing in performance improvement, turnaround management and business advisory services
07/14/2013
Singapore-based family trust sues over loss in finance company
In 2006, they say, he recommended a potential investment in a property development company,
07/14/2013
RBI penalises 22 banks for violating KYC norms
The Reserve Bank of India on Monday penalised 22 banks for violating Know Your Customer norms
07/14/2013
Appleby advised on the listing on the hong kong stock exchange of new century reit
New Century REIT is the first China hotel focused REIT to be listed on the Hong Kong Stock Exchange.
07/12/2013
Credit Suisse fined for 'false order' error
Credit Suisse did not self-report the breaches to ASIC and failed to inform both ASIC and the ASX in a timely manner
07/11/2013
Foreign law firms top list of pro bono work donors
Linklaters pledges $250,000; Clifford Chance's $100,000 same as local firm TSMP's donation
07/11/2013
Singapore Regulator Fined 22 Firms for Money-Laundering Breaches
Singapore’s central bank fined 22 financial institutions and restricted operations at seven for failing to comply with rules
07/11/2013
Vinson & Elkins to close Shanghai office
The firm said it would close the office after the management committee voted in favour of the plan. The firm will now have two bases in the region in Beijing and Hong Kong.
07/10/2013
Tiger Asia Accused of Insider Trading in Hong Kong Tribunal
The Market Misconduct Tribunal that will hear the new case can force the firm to disgorge profits made or losses avoided
07/08/2013
Dechert publishes legal update for Asian hedge funds
Hong Kong-China Mutual Funds Recognition Passport
07/08/2013
Gibson Dunn hires Hogan Lovells energy partner in Singapore
Gibson, Dunn & Crutcher has made its first Singapore partner
07/08/2013
International law firm hires consultant for wealth planning practice
She currently sits on the board of a number of charities in Hong Kong.
07/08/2013
Banks' senior management not involved in recent rate-rigging saga: Lawrence Wong
Mr Wong said: "While a few line managers were aware... MAS did not find evidence that the banks' senior management were aware of their traders' misconduct."
07/07/2013
Field Fisher secures Asia presence with Shanghai tie-up
The combination is a significant step for Field Fisher, which has been seeking an Asia presence either in Shanghai, Singapore or Hong Kong