05/22/2012
The new rules, which are stricter than the global ones, will require systemically important banks to maintain capital adequacy ratio at 11.5 percent and core CAR at 9.5 percent by December 2013. The global deadline is the end of 2015.
05/21/2012
ONE of the many government reports that arrived during the week and passed almost unreported was the multi-party parliamentary report into the Trio-Astarra superannuation fraud, and more's the pity.
05/18/2012
The bank lodged an appeal against the US court order on Thursday, Japan time, he said.
05/17/2012
Even if U.S. tax rates increase slightly, they would remain historically low.
05/17/2012
Lim, 50, is the second bank chief to be arrested since Solomon, Mirae, Hanju and Korea Savings Bank were suspended for six months on May 6 for failing to meet financial-strength standards.
05/17/2012
A spokesman for the Financial Services and the Treasury Bureau said, "These amendments seek to remove from the Banking Ordinance certain licensing criteria for banks, which have become unnecessarily restrictive and put Hong Kong at a disadvantage whe
05/17/2012
O’Melveny & Myers has appointed longtime capital markets partner David Johnson as the new head of the Hong Kong office, relocating from the firm's Century City office in California in the US.
05/15/2012
Tony Chan, 52, the former lover of the eccentric billionaire – known as "Little Sweetie" for her taste in school-girlish attire and pigtails – appeared at a magistrates' court in Hong Kong for a pre-trial hearing that has revive
05/15/2012
Appearing in the Rotorua High Court this morning Kara Mary-Jo Hurring, 33, entered the plea on on 25 counts of theft, three counts of attempting to dishonestly use a document, and two counts of money laundering.
05/14/2012
Nearly ten months after it was formed to examine ways to check the menace of black money, a committee under the chairmanship of Central Board of Direct Taxes (CBDT) chief has submitted its report to the finance ministry.
05/11/2012
And according to Banny Lam Chiu-kei, macroeconomic research associate director at CCB International, lenders will have to diversify and improve their services to remain profitable as the regulator cuts more charges.
05/09/2012
Cadwalader Adds Jones Day Capital Markets Team in Hong Kong
In an interview Sunday, Asia practice head Rocky Lee said the firm was especially pleased to have recruited a team that has worked well together previously.Cadwalader, Wickersham & Taft has recruited a three-partner capital markets team from the Hong
05/09/2012
BNP Paribas sued for $47mln
The oil company can also pursue damages in relation to the breach of contract, the report added.
05/08/2012
He traded foreign currency on behalf of 73 investors, faces three charges of theft by a person in special relationship, obtaining by deception or causing loss by deception, and false statement by a promoter.
05/07/2012
International law firm adds three top capital markets attorneys to Hong Kong
The firm has announced a substantial addition to its Asia capital markets practice by adding three new attorneys with nearly 50 years of collective experience in the region.
05/04/2012
The arrest was “in connection with an investigation into an offence or offences suspected to have been committed” under the city’s anti-bribery law, Sun Hung Kai said in a statement today.
05/04/2012
DLA Piper, Eversheds, K&L Gates and Linklaters are among a raft of firms expected to apply to practise local law in Singapore after the country’s Ministry of Law announced that a second round of licences will be awarded next year.
05/01/2012
Mr. Angel was tapped to lead DLA's business in Asia-Pacific, Europe, Middle East and Africa as global co-chairman and senior partner.
05/01/2012
Chaoda Chairman Kwok Ho and Chief Financial Officer Andy Chan, who were also specified in the civil inquiry, didn’t break insider trading laws when they divulged the Chinese vegetable producer’s plans to issue shares on investor calls, accordi
04/30/2012
Isle of Man-based law firm advises on the largest ever single-tranche Singapore dollar bond deal
The proceeds of the two issues will be used to fund expansion into new markets.