08/27/2012
A German media report put an unwelcome spotlight on Singapore, Asia's prominent wealth management centre, earlier this month, saying that some Swiss bankers had advised clients to transfer funds there before the implementation of a deal to tax German
08/27/2012
She joins Clayton Utz from RBS (formerly ABN Amro), where she has held various legal and banking roles for nearly a decade.
08/27/2012
The firm says it wants the flexibility of the RQFII scheme to be adopted in order to create a level playing field between Chinese, Hong Kong and foreign ETF operators.
08/23/2012
The alliance with Allens, which took effect in May, falls short of a financial merger, but means the two firms are integrating their business, working on joint pitches and have folded their Asian practices into joint ventures.
08/23/2012
International law firm beefs up Australian M&A team
He joins the firm’s Sydney office from Jones Day and will also serve clients in Africa
08/23/2012
The report is rendered pursuant to section 81H of the Securities and Futures Act and states that no sum is payable to or from MFGS. Creditors of MFGS may approach the liquidators of MFGS for more information.
08/22/2012
The firm's London and China executive committees developed the first-time roles in light of its ambitious strategy to grow the area to represent 20% of the firm's total revenue and lawyer headcount in the next three to five years.
08/22/2012
The clients were the subject of a fraud perpetrated by Ms Joyce Hsu Ming Mei, a former licensed representative of Merrill Lynch.
08/22/2012
Appleby bolsters Asian team
John Melia added: “I am really excited to be joining our established and experienced transactions team in Hong Kong, and look forward to helping them build on their success in delivering the highest standards of service to our clients in Asia and w
08/22/2012
Mr. Tan has argued throughout the case, which commenced late last year, that is common practice for senior bank employees to make requests to RBS's rate setters about appropriate rates.
08/22/2012
"MAS does not tolerate any flow of illicit funds through our financial system," she said in an emailed statement to Reuters.
08/21/2012
Stock markets tumbled yesterday when the high-profile detention was reported in the state media, with the main HNX index closing down by 5.24pc.
08/21/2012
Britain's Financial Services Authority is considering possible reforms to how the Libor is set after a scandal erupted in June over rigging of the rate. Mr. Chan noted that Hong Kong would wait for the recommendations to see if the city would follow
08/21/2012
The HKMA announced the latest minimum acceptable credit ratings applicable to long-term debt instruments in June 2006.
08/19/2012
The moves, coming separately from the People's Bank of China and the China Banking Regulatory Commission, form part a campaign to clean up China's financial system as it opens up domestic capital markets to diversify funding options for cash-s
08/19/2012
The Dodd-Frank Act was spurred by the 2008 financial crisis and aims to impose tighter supervision of cross-border derivatives trade following incidents such as the loss-making trades by the so-called "London Whale" at JPMorgan's UK office.
08/16/2012
Firm would like to open a local office within about a year, depending on the political situation
08/16/2012
Morgan Stanley believed it was selling a 12% stake in the building to a unit of a state-owned real-estate company but instead sold shares to an entity controlled by Mr. Peterson, the Chinese official and a Canadian lawyer, prosecutors said.
08/15/2012
Marcos ruled the Philippines from 1965 to 1986, when he was overthrown by a popular revolt. He died in exile in Hawaii in 1989.
08/15/2012
Iran's central bank has won-denominated accounts at Industrial Bank of Korea and Woori Bank, both owned by the Korean government, to settle payment for its oil sales to Seoul, and its product imports from the Northeast Asian country.