06/05/2012
Asian banks will have a tough time meeting new global liquidity rules because of a shortage of assets such as top-rated government debt that can be converted into cash quickly, according to KPMG.
06/05/2012
Hontex International Holdings Co. sought to halt a lawsuit seeking compensation for investors who, Hong Kong’s securities regulator said, were misled by the Chinese fabric maker in its listing prospectus.
06/01/2012
The rule, if it goes ahead, could scupper a $7.3 billion bid by Singapore's DBS Group Holdings for Indonesia's Bank Danamon.
06/01/2012
There were no details about what exactly Yang was being investigated for, but the discipline commission is often involved in looking into major corruption cases.
06/01/2012
“I don’t think that now that judgment has been rendered by the impeachment court, these processes will also terminate,” Abad said in a text message to the Philippine Daily Inquirer.
05/31/2012
JPMorgan Chase & Co. faces a new regulatory headache, as Japan's securities watchdog is probing the company for possibly leaking insider information, according to a person familiar with the matter.
05/31/2012
A Malaysian investor is filing a lawsuit in Singapore against a banker from the French bank Credit Agricole over an unsuccessful share investment, the Singapore Straits Times reported today.
05/31/2012
Ex-UBS employees, including former Managing Director Sachin Karpe, are accused of unauthorised transactions on 39 client accounts, of which 21 reported substantial losses.
05/30/2012
The Upper Tribunal heard Karpe’s appeal against the FSA’s verdict.
05/29/2012
The government of Singapore is inviting more foreign law firms to apply for Qualifying Foreign Law Practice (QFLP) licences and will start accepting applications from 1 July.
05/28/2012
The multiple-license system will replace the existing practice of banks requiring just a single license, after which they have widespread freedom in conducting their business, constrained only by the nation’s banking law.
05/28/2012
She was detained on March 6 as part of an investigation into one of her high net worth clients who was suspected to have left China late last year after absconding with millions of dollars.
05/28/2012
It will also ratchet up the pressure on Nomura CEO Kenichi Watanabe, who had just taken the helm in 2008 when the company fired a Hong Kong-based employee at the centre of an insider trading ring.
05/28/2012
Private companies would be allowed to buy into banks through private stock placements, new share subscriptions, equity transfers, mergers and acquisitions, the official China Daily said, citing the China Banking Regulatory Commission.
05/28/2012
In a statement, Allen & Overy Asia managing partner Thomas Brown cast the expansion into Vietnam as a part of a broader strategy to build an "unrivalled footprint" across Southeast Asia.
05/28/2012
India's S&R Associates has increased the number of its partners from five to seven with the promotions of Venkatesh Vijayaraghavan in New Delhi and Bhakta Patnaik in Mumbai. The promotions were the first for the firm since 2008. Patnaik, who was
05/28/2012
Hogan Lovells is assessing options, with a merger with a mid-tier Australian firm the preferred choice for many partners.
05/25/2012
The study, which was carried out among 1,530 executives from 16 different industries and 64 countries, identified organisational and cultural resistance as the most common barriers to internal audit's ability to step up and meet stakeholders' in
05/23/2012
In a plan submitted to the Indian Parliament Monday, the government also said it was considering allowing undeclared gold to be deposited with banks.
05/23/2012
Financial professionals in Hong Kong, the world’s biggest market for initial public offerings for the last three years, have closely watched the regulator’s proposals.