08/16/2016
Number of Licensed Banks in Hong Kong Rises
The granting of this banking license has taken effect on August 12, according to a statement.
Legal, Regulation & Compliance
08/16/2016
Raghuram Rajan calls for revamp of India's bank regulators
Government-owned lenders account for around 70 per cent of lending in Asia's third-largest economy
08/15/2016
Mis-selling case: HK court rules against OCBC unit
Bank of Singapore and banker offered elderly couple unsuitable investments, says court
08/12/2016
Creditors fear Pacific Andes’ non-US bankruptcies could ‘block’ transfer of Peru assets
In response to the creditors’ filing, Pacific Andes said in an Aug. 10 statement that the matter of the Peruvian subsidiaries was a subject of ongoing discussions with creditors.
08/12/2016
Recognition of foreign insolvencies at common law: Singapore sets COMI precedent
High Court of Singapore recognised a Japanese bankruptcy trustee
08/12/2016
‘This pension change is so wrong it must be a mistake’
Amendment to the age pension will, according to new research, strip many Australian couples of their hard-earned retirement wealth
08/11/2016
China set to choose yuan clearing bank for UAE by end of year
A clearing centre can handle all parts of a currency transaction from when a commitment is made until it is settled, reducing costs and time taken for trading.
08/11/2016
Disputes on the rise
Maples and Calder partner John Trehey heads the firm’s Asian litigation, restructuring and insolvency practice.
08/11/2016
Panama investigations or cover-up
Finance Minister claims, ‘offshore companies are legal, could be financially beneficial within legal framework, but they could also be used for illicit purposes’
08/11/2016
British Banker Back In Court Over Hong Kong Double Murder
No details of the hearing, which organised aspects of the trial, can be reported at this stage due to restrictions imposed by the court.
08/11/2016
Nixon Peabody opens representative office in Singapore
This is the firm’s third office in Asia.
08/11/2016
New Zealand cuts rates, powerless in global easing race
The RBNZ's challenges became immediately apparent after the central bank decision
08/11/2016
ICBC aims for benchmark dollar bond via Dubai by year-end
He said the issue would be benchmark-sized, which is understood in the market to mean at least $500 million.
08/11/2016
Cabinet liberalises FDI norms for non-banking financial companies
The Budget for 2016-17 had stated that FDI will be allowed beyond the 18 specified NBFC activities under the automatic route for other activities which are regulated by financial sector regulators.
08/10/2016
China regulators launch inspections on banking business, wealth management: media
The regulatory scrutiny follows a series of financial scandals involving bill businesses hit lenders, the newspaper said on its website.
08/10/2016
Five foreign banks seek entry into local market
The BSP regulates banks and other financial entities operating in the Philippines.
08/10/2016
ANALYSIS; Tax amnesty: Repatriated money and economic growth
The repatriated money can be seen as exogenous capital inflows to Indonesia
08/10/2016
China set to choose yuan clearing bank for UAE by end of year
A clearing bank in the UAE could have a big impact on trade and investment in the Gulf
08/09/2016
14 financial advisers banned in wealth management purge
Three of those banned are on a permanent blacklist and one faces criminal proceedings in the crackdown on dodgy advice.
08/09/2016
AIIB Urged to Fast-Track Loans
The China-backed AIIB is focused on supporting infrastructure construction in the Asia-Pacific region. Proposed by China in 2013, Cambodian and 49 other founding members signed the articles of agreement on June 29 in Beijing.