02/18/2013
"The report sets out recommendations that will help supervisors everywhere raise the bar on their expectations for risk governance so that firms’ practices continue to improve through changing environments.”
02/18/2013
Four International law firms win Singapore law licenses
International law firms have expanded in Asia citing a shift in global business activity to the region.
02/17/2013
Asia Lying in Wait to Capture Potential HFT Fallout From MiFID II
The measures, if enacted, could seriously impede many HFT strategies
02/17/2013
“We are determined to develop measures to address base erosion and profit shifting.”
02/17/2013
Interest on corporate bonds tax-free was also being considered.
02/12/2013
Global solutions are needed to ensure that tax systems do not unduly favour multinational enterprises, leaving citizens and small businesses with bigger tax bills.
02/07/2013
The civil action was filed in the Kuala Lumpur High Court on 23 January 2013.
02/07/2013
The assessment and selection process, started in the second half of 2012, was let by AMP group’s general counsel Brian Salter.
02/06/2013
Partner exodus continues at Linklaters' Aussie ally
Two more partners have left Linklaters’ Australian ally Allens to join rival firms in Sydney and Singapore.
02/06/2013
The discussions show heightening concerns at central banks in Indonesia and Malaysia over Singapore's market for non-deliverable currency forwards (NDFs), which they say has undermined foreign exchange controls.
02/06/2013
It has been extended from five days to 15 days from the closure of the initial subscription.
02/06/2013
A U.S. judge threw out a lawsuit from South Korea's Woori Bank accusing Bank of America Corp's Merrill Lynch unit of misleading investors about the riskiness of collateralized debt obligations, saying the suit had missed a deadline under South K
02/06/2013
The HKMA decided to accept the proposals from the HKAB and the TMA, and requested them to take forward the following enhancement measures in six months' time:
02/05/2013
Libor scandal in Europe rattles traders in Mumbai
"This issue about legacy contracts is a problem that needs to be sorted out. Else, there could be legal problems later."
02/05/2013
HK regulator bans ex-Merrill Lynch Asia employee
The District Court found that, between September 2007 and February 2008, Hsu dishonestly effected a number of unauthorized transactions, fund transfers and loan draw downs in customer accounts that she handled during her employment with Merrill Lynch.
02/05/2013
The disciplinary action follows Ho’s conviction for misappropriating around $1.3 million from three customers’ accounts by forging their signatures
02/04/2013
The lender also received a warning from the China Banking Regulatory Commission for approaching the limit on loans in relation to deposits.
02/04/2013
KPMG China predicts a budget deficit due to government spending and says a goods and services tax will help to widen the tax base
02/03/2013
A spokesperson for the India arm confirmed receipt of the notice from the tax department.
02/03/2013
Swiss tax haven is over
International tax services, apart from the American, will be able to collect data relevant from January 1, 2013.