11/20/2012
Be very afraid of Basel III
The impact of Basel III on Thai banking operations is likely to be small, especially compared to the true economic cost that will creep beyond the banking sector in the long run.
Legal, Regulation & Compliance
11/20/2012
China to move forward with tougher bank rules
"China has promised to anticipate the establishment of the global financial supervision system and adopt the international standards."
11/20/2012
International law firm strengthens Hong Kong office to support spike in US tax and wealth planning
He will focus on international tax, probate, and trust and estate planning, with a particular focus on US persons and property.
11/19/2012
FATCA Model 2 Agreement Released - Withers
Model 2 essentially builds upon the foundation of Model 1 with some significant differences
11/18/2012
Rules to curb tax evasion by foreign investors likely in 10 days
The final rules are expected to be based on the recommendations made by the Shome Committee in its draft report.
11/18/2012
New bank stress test includes Asian slowdown
The Federal Reserve provided the country's 19 biggest banks with its the guidelines for the 2013 stress test
11/15/2012
Linklaters Amsterdam Partner Moving to Sydney with DLA Piper
He primarily advises international investment banks and sponsors on complex cross-border transactions.
11/14/2012
No delay for China's banks on Basel III
"We have recently received a notice from the regulator that from January 1 financial reporting must reflect the new capital rules."
11/14/2012
SFC fines CIC Investor Services for failures
An SFC investigation revealed that CIC failed
11/14/2012
Christie’s sues Chinese rival over similar name
Lawsuit highlights one of the perils Western salerooms face as they expand in the lucrative Chinese market
11/14/2012
Investors Could Lose Millions as NZ Broker Fails
The Wellington-based firm has around 900 clients, according to PWC.
11/13/2012
Macau’s top earners pay world’s lowest taxes: KPMG
Macau has the lowest combined income tax and social security
11/13/2012
Leading finance lawyer to join DLA Piper
He specialises in syndicated finance and (leveraged) acquisition finance
11/12/2012
Potential APAC legal transformational tie-up revealed
The UK firm is pushing to pursue a combination with the Chinese and Australian firm,
11/12/2012
Singapore income tax rate among the world's lowest
In Asia, however, rates remained constant among heavyweights China, Japan and India
11/12/2012
US explores treaty to nail American tax defaulters in India
Enacted in 2010, FATCA aims at checking non-compliance by US taxpayers using foreign accounts
11/11/2012
Indonesia’s PT Bumi Starts Probe After London Investigation
PT Bumi is part-owned by the Bakrie family and is at the center of a feud involving London-listed Bumi Plc, owner of 29 percent of the Indonesian mining company, and Bumi Plc co- founder Nathaniel Rothschild.
11/08/2012
Ex-Barclays Trader Reportedly Caught On Video Terrorizing Construction Workers In Singapore
The meltdown makes a sharp contrasts with his various appearances on financial television discussing currency strategy amid the Euro crisis.
11/08/2012
U.S. Engaging With More Than 50 Countries To Curtail Offshore Tax Evasion
The Treasury Department has already concluded a bilateral agreement with the United Kingdom
11/06/2012
Singapore asks Citi for LIBOR-related documents
Financial regulators in Singapore have asked Citigroup Inc. to turn over documents related to information that the lender has submitted to the British banking authority that sets some global interest rates.