04/30/2015
RBI slaps penalty on 3 banks, 8 warned non-adherence to norms on fund transfer
The penalty on each bank is Rs 1.5 crore.
Legal, Regulation & Compliance
04/30/2015
Fund chiefs lay out the future of wealth management
A revolution in products, fees and advice will come to Asia sooner or later, heads of the regional wealth management industry tell AsianInvestor's Fund Selector Forum in Singapore.
04/30/2015
China Construction Bank Looks to Switzerland
China Construction Bank has officially applied for a banking license in Switzerland
04/30/2015
New black-money law will give those with foreign assets six months to come clean
In addition, there will be a penalty equal to three times the amount of tax payable thereon
04/30/2015
Going mainstream: Barclays breaks ground to forge first contract lawyer panel
After establishing a global two-tier panel last year, Barclays has launched a procurement process to formalise its flexible resourcing usage and establish its first contract-lawyer only panel.
04/30/2015
India regulator asks asset managers to set up monthly stress tests
The fund houses will need to assess the impact of these risk parameters on their funds' net asset value
04/30/2015
China Rethinks Safety Net for Its Banking System
With the introduction of deposit insurance on Friday, Beijing is looking to shake the public’s faith, namely the long-held belief that the government will bail out troubled banks.
04/29/2015
Property investors urged to take precautions
Loans to residential property investors are being lined up by the Reserve Bank
04/29/2015
IMF promotes reforms to boost private banking sector
Banking in Myanmar is thriving but requires further private sector reforms
04/29/2015
APRA backs more super fund mergers
The financial regulator is ramping up pressure on some smaller superannuation funds to consider merging, as trustees are forced to decide if members would be better served through greater scale.
04/29/2015
ASIAN-MENA COUNSEL recognises Appleby for firm's work on Giant Interactive Deal
ASIAN-MENA COUNSEL provides analysis and discussion of legal, regulatory and business issues to In-House Community, an organisation for in-house lawyers in the Asia-Pacific region. Its annual “Deals of the Year” list profiles the most signific
04/29/2015
Switzerland to return money held in Chen Shui-bian family accounts
Switzerland's Supreme Court has ruled that US$6.74 million (NT$205 million) on deposit in accounts held by family members of Taiwan's former President Chen Shui-bian should be returned to Taiwan
04/29/2015
Luxembourg receives 50 billion RQFII quota
The Chinese central bank announced the quota, the first RQFII for Luxembourg, on its website.
04/28/2015
OJK plans new regulation to boost venture capital industry
The Financial Services Authority will issue a new regulation to boost the financing capacity of the country’s venture capital industry in providing funds for small companies, especially start-ups.
04/28/2015
UBS says regulators may crash the housing party
UBS banks analyst Jonathan Mott says rising house prices could see regulators crack down on lending practices and increase the risk of an economic shock
04/27/2015
Jho Low’s company received US$330mil, says whistle-blower
It said the loan had been authorised by 1MDB, supposedly in favour of its former joint venture partner PetroSaudi International although Jho Low has repeatedly maintained that he has held no role in 1MDB and made no profit from its investment dealings.
04/27/2015
Korean Brokerage firms raided on inside trading
The Seoul Southern District Prosecutors' Office said it had confiscated evidence that it believes proves the companies' alleged sharing of inside information
04/27/2015
Corporate regulator seeks ‘civil enforcement powers’ in bill to be filed in June
The Philippines’ corporate regulator seeks to have “civil enforcement powers” through a bill amending the Securities Regulation Code that it plans to file in June
04/27/2015
DIFC welcomes Korean law firm
The United Arab Emirates is currently home to 160 Korean companies and a 13,000-strong Korean workforce.
04/27/2015
Ex-Macquarie fund manager in S.Korea taken into custody over bond trades
The investigation by the Seoul Southern District Public Prosecutors' Office is based on findings announced earlier this year by South Korea's Financial Supervisory Service, which in January ordered Macquarie to fire the fund manager.