06/20/2013
KPMG Again Ranked Among World's Best Outsourcing Advisors
KPMG receives highest designation of "balanced performance" by leading industry organization
Legal, Regulation & Compliance
06/20/2013
Jefferies Wrongfully Fired Asia Trader Over Hitler Video
Jefferies Group LLC wrongfully fired its former Asia head of equity trading Grant Williams over a newsletter that included a reference to a Hitler parody video
06/20/2013
Three-year suspension for agent who mis-sold ILAS products
HKMA suspended Sit Wai-hong for mis-selling the controversial products known as investment-linked assurance schemes
06/20/2013
China's central bank tightens screw on shadow banking system
China's central bank has sent a "warning signal" to the country's overextended lenders
06/20/2013
Bank of Tokyo-Mitsubishi to pay £162 million for money laundering
The bank will also undergo a year of special monitoring by an approved consultant as part of its settlement
06/19/2013
IMF to fund claims against Lehman Asia
IMF has agreed to fund claims which have been filed in the High Court of Hong Kong this week on behalf of 63 churches, councils and charities against Lehman Asia.
06/19/2013
Credit Agricole's sale of CLSA to CITIC hits snag in Taiwan
Taiwan contributes less than 5 percent to CLSA's overall revenues, so a rejection by Taiwan would not kill the CITIC deal or impact the asking price, one of the people added.
06/18/2013
Widened Probe Into Hibor Manipulation to Include HSBC, Other Banks
The Hong Kong Monetary Authority has expanded its probe into possible manipulation of the city's benchmark interbank lending rate
06/17/2013
Probe into Hibor manipulation widens in Hong Kong
The monetary authority did not identify the banks added to its probe of submissions for Hibor, the Hong Kong Interbank Offered Rate.
06/16/2013
KYC laxity at private banks has put us to loss: SBI
The country's top three private sector lenders have already been penalised by Reserve Bank for KYC violations.
06/16/2013
Global law firm appoints new Hong Kong partner
He has spent 26 years advising on public M&A and equity capital markets transactions.
06/16/2013
China grants 5 licences to overseas investors in May
China granted licences to five overseas institutional investors in May,allowing them to buy Chinese stocks and bonds.
06/16/2013
HSF overtakes Bakers as biggest international firm in the region
The Lawyer Asia Pacific 150 reveals that newly merged Anglo-Australian firm Herbert Smith Freehills has taken over Baker & McKenzie as the largest international firm in Asia Pacific by lawyer headcount.
06/14/2013
KWM continues management shake up with two new practice heads
King & Wood Mallesons has appointed two new practice heads in Australia
06/14/2013
RBS dealt fresh blow by Singaporean regulator
The Royal Bank of Scotland has been dealt a fresh blow after Singapore’s financial regulator ruled some of its traders attempted to manipulate inter-bank rates.
06/14/2013
SMA censures ANZ, Macquarie Bank after review forced by Libor scandal
ANZ and Macquarie Bank have been censured by the Singapore Monetary Authority after a major review of benchmark settings in the wake of the Libor scandal.
06/13/2013
Multinational law firm goes back to Bakers for latest Asia hire
She also defended MasterCard in US antitrust litigation initiated by American Express and Discover concerning alleged exclusionary practices, which settled in 2008.
06/12/2013
David Ross charged over alleged Ponzi scheme
A Ponzi scheme uses cash from new investors to pay returns to existing members, who typically think they are reaping the rewards of an astute investment plan.
06/12/2013
Singapore Regulator Said to Plan Bank Reprimand on Rates
The island nation’s review into possible manipulation of the Singapore interbank offered rate follows a global crackdown on rigging of benchmark borrowing costs by banks and brokers.
06/11/2013
Credit Suisse fined HK$1.6m by SFC
Credit Suisse Securities has been fined more than HK$1.6m by the Securities and Futures Commission in Hong Kong.