04/02/2013
CMB in race to meet rules on wealth products risk
This value must be reduced by an unspecified amount, China Banking Regulatory Commission said on March 25.
Legal, Regulation & Compliance
04/02/2013
Hong Kong's Deacons hires WilmerHale's Beijing head
Beijing is WilmerHale’s only office in Asia.
04/02/2013
HKMA and SFC HK to comply with international FMI regulatory standards
The report contains 24 principles for FMIs and five responsibilities of regulatory authorities to provide for the effective regulation, supervision and oversight of FMIs.
04/02/2013
When it comes to taxes, India’s wealthy avoid them
The nouveau riche are just about everywhere in India, spending conspicuously in luxury stores and auto showrooms. Unless it’s income tax time. Then, suddenly, they barely exist.
04/01/2013
HDFC hires Deloitte to conduct forensic audit
The bank is committed to the highest standards of compliance, corporate governance and ethics
04/01/2013
SEBI rationalises debt limits for foreign investors
The existing debt limits for FIIs would be merged into two board categories -- government securities of USD 25 billion and corporate bonds of USD 51 billion.
04/01/2013
Master plan to develop Singapore into global IP hub
Intellectual property has become a key driver of economic growth globally.
03/31/2013
Hong Kong commits to global regulatory standards on financial market infrastructures
The new standards are contained in a report “Principles for financial market infrastructures”
03/31/2013
Big four banks set to take on govt over super plans
The heavyweights of the financial services industry will travel to Canberra next week to lobby treasurer Wayne Swan to leave the superannuation system alone, Fairfax Media reports.
03/27/2013
Missing Billionaire Casts Pall on China’s Private Business Push
This time, his own brother is the suspect
03/26/2013
Slaughters' Japanese best friend to open in Singapore and Shanghai
According to the firm, demand for its services in South-East Asia from clients across financial services, manufacturing and retail means a launch in Singapore is necessary.
03/25/2013
KWM brings tax man back into the fold
Prior to working for Mallesons, he was employed with KPMG.
03/25/2013
Barclays Investigating After Private Banker Firing
Barclays has dismissed a Singapore- based private banker
03/25/2013
UBS asks Singapore court to seal cases of two fired traders
The request for seals underscores the highly sensitive information within the cases, which stem from a global crackdown on banks involved with submitting false reference rates for various markets to benefit trading books.
03/24/2013
Asset management licence of DCML cancelled
The commission has also taken action against DCML’s chief financial controller/company secretary
03/24/2013
Bird & Bird strikes alliance deal with Australia's Truman Hoyle
“It makes sense for us to formalise an agreement in Australia."
03/24/2013
Aquino warns wealthy Chinese on tax evasion
Recent government investigation led to "unexpected" findings that just 8pcof member-firms of the Filipino-Chinese Chambers of Commerce paid taxes
03/24/2013
Ex-UBS Executive Has to Defend Underage Sex Charges, Judge Says
Based on the evidence presented, the prosecution “has satisfied every ingredient of the charge
03/21/2013
‘No scam has happened’ at top 3 private banks
We cannot take action based only on allegations. We go by evidence...If we find something is wrong, we will take action.”
03/21/2013
'Sting Video' Claim About Singapore Is False Says Monetary Authority Of Singapore
It said Singapore has provided full information requested by Malaysia for tax purposes and the two countries have had a good working relationship on tax matters.