07/06/2016
Wealth Management In India: Regulatory Issues
The wealth management industry in India is at a nascent stage with a potential to develop into a high-growth wealth management market.
Legal, Regulation & Compliance
07/05/2016
Former adviser charged with fraud
ASIC has alleged that between September 2010 and October 2011
07/05/2016
Pakistan regulator lays out plan to grow capital markets
Pakistan’s equity capital market suffers from a lack of high quality listed companies and initiatives are needed to boost the market as a whole, according to a new plan from the country’s regulator.
07/05/2016
Singapore monetary authority plans cloud computing policy
The Monetary Authority of Singapore (MAS) will set out its "expectations on the use of cloud computing services" by financial institutions (FIs), the regulator has confirmed.
07/04/2016
Former Indian Bank CMD convicted
The credit facility was sanctioned for taking delivery of cashew nuts which were already imported in the name of Maxwell Exim Private Ltd. and MVR Industries Ltd.
07/04/2016
BDO gets nod to take full control of Generali Pilipinas
BDO is re-focusing its insurance strategy to align with its thrust to solidify its presence in the broad-based middle income market.
07/04/2016
Convertible notes made more attractive for startup funding
Funds received by a startup amounting to Rs 25 lakh or more by way of a convertible note, in a single tranche from a person, will not be treated as a 'deposit'.
07/03/2016
Two US funds sue DBS Bank, OCBC for Singapore rate rigging
In 2013, Singapore's Monetary Authority of Singapore (MAS) censured a record 20 banks
07/03/2016
The People's Bank of China Tolerates Further Weakening of Yuan After the Currency Recorded an All-time Low Value
According Reuters's source, the decline was expected especially after the historical Brexit vote and may affect China's yuan for a significant period of time.
07/03/2016
Former Indian Bank's CMD sentenced to undergo rigorous imprisonment
On completion of trial, M Gopalakrishnan and Sai Jagannathan were convicted and sentenced to three years of rigorous imprisonment
07/01/2016
Regulator to set rules for launching foreign hedge funds in China
This is part of the commitment the CSRC made during the US-China Strategic and Economic Dialogue in 2015.
07/01/2016
Central banks key defence after Brexit
US earnings growth was very weak in the first quarter, but that's the lowest point," added Ms Tan, who was speaking at the bank's CIO Asia Pacific Forum.
07/01/2016
Central bank cuts its policy rates on back of growth concerns
The latest rate cut came one week after the UK voted to leave the EU, a move that has jolted global financial markets with its economic spillover expected to persist in tandem with the exit process.
07/01/2016
Deposits by Indian nationals in Swiss banks fall from Rs. 26,000 crores to Rs. 8,392 crores
The amount belongs to Indians in Swiss banks have been showing a declining trend except in 2011 and 2013.
07/01/2016
Law Enforcers Pledge to Stay Away from Tax Amnesty Data
The maximum tax rate in the amnesty program is 10 percent of the value of declared assets.
06/30/2016
The World’s Top UHNW Lawyers
Whether it be tax or estate planning, these lawyers will have you covered.
06/30/2016
Deacons recognised as one of Asia’s fastest growing firms
With 230 qualified lawyers, the firm is ranked as the 66th largest independent firm in Asia.
06/30/2016
China to detail rules for launch of foreign hedge fund products
The move will help diversify the pool of investors, bring in new asset management talent and deepen deregulation of the capital markets, CSRC said.
06/30/2016
SFC publicly censures two units of Bank of America Merrill Lynch Group for breaches of Takeovers Code
In deciding the sanction, the SFC took into account BofAML Group’s full cooperation and the remedial measures it has now put in place to ensure future compliance with the Takeovers Code.
06/29/2016
China's CITIC Bank Tries To Seize Real Estate Assets in Canada
The bank is looking to seize numerous Vancouver-area homes, valued at some C$7.3 million, along with other assets, according to the lawsuit, which was filed in the Supreme Court of British Columbia in Vancouver on June 24.