01/12/2015
Chief regulator hints at early Hana Bank-KEB merger
South Korea's chief financial regulator on Monday hinted he may approve a merger of two local banks without an agreement with the labor union, a change from his earlier stance.
Legal, Regulation & Compliance
01/12/2015
Sri Lanka's composite insurers on track to complete regulatory push
Director General of the island's insurance regulator Damayanthi Fernando told LBO that seven out of twelve composite insurers have so far completed their segregation requirements
01/12/2015
Lenders ask court to freeze Kaisa’s assets
The first three applications, by local branches of Citic Bank, Bank of China and China Resources were first reported by Caixin, a mainland business journal.
01/12/2015
Greenberg Traurig Announces Tokyo Office, Expanding Asia Practice
The Tokyo office will be led by an award-winning team of English-speaking Japanese lawyers
01/11/2015
1MDB denies misled auditors on Cayman funds
1MDB reiterated that it has already brought home over RM4 billion from the tax haven
01/10/2015
Government stake dilution not sufficient for Basel III: RBI
Centre viewing to scale down their holdings in PSBs to 52 per cent
01/10/2015
Hong Kong reforms: Li Ka-shing urges lawmakers to act
Hong Kong's richest person, Li Ka-shing, has urged lawmakers to pass controversial reforms that will change how the territory's leader is elected.
01/07/2015
New Year promotions at Collas Crill
In the firm's top-tier Dispute Resolution team, Simon Hurry (Jersey) and Ben Havard (Guernsey) have both been promoted to Senior Associate. In Collas Crill's Singapore office
01/06/2015
ASIC probes senior trader Paul Woodward
A Senior ASIC probes senior trader Paul Woodward
01/06/2015
Bank Negara grills top executives as 1MDB fails to settle RM2 billion debt again
Not only is heavily indebted 1Malaysia Development Bhd getting a new chief executive officer, but it has also failed for a second time to pay a RM2 billion loan to local lenders due on December 31 last year.
01/06/2015
All offshore accounts not illegal but offshore black money has to be brought back
India's topmost law officer, Attorney General of India Mukul Rohatgi, walks the corridors of India Inc and the Government of India with equal ease.
01/06/2015
State sharia banks may merge this year
State-owned sharia banks and units seem likely to merge to form a new large sharia-compliant lender this year as regulators and the government are currently preparing the right scheme for it.
01/06/2015
Executives at parent firm of Credit Suisse's China partner summoned in probe
The statements closely followed an announcement by Founder Securities on Friday that a court had frozen 1.77 billion yuan ($285 million) in its bank accounts, in connection with a dispute with Beijing Zenith Holding Ltd, its second-largest shareholder.
01/06/2015
Sebi to bar wilful defaulters from raising funds, takeovers
To sternly deal with wilful defaulters, market regulator Sebi on Tuesday proposed barring such entities from raising funds from the capital markets
01/05/2015
FDI changes in insurance norms may benefit small local partners
The Cabinet, through an Ordinance, has raised the FDI limit in insurance to 49%, recommending a composite cap of 49%, which would include all forms of foreign direct investments and foreign portfolio investments
01/05/2015
Ex ING SITC vice president jailed for embezzlement
The China Post previously reported that on occasions when Mr. Hsieh had inside information that certain shares might drop in value, he sold his own shares first and government stakes later.
01/05/2015
HSBC, Hong Kong Under Scanner As US Steps Up Investigation Of American Tax Frauds
Official with the U.S. Internal Revenue Service (IRS) are currently deployed in foreign jurisdictions, including the American consulate in Hong Kong
01/05/2015
Moody’s Hearing, Meinl Charges, Schutz on Banks: Compliance
Moody’s filed a challenge to the tribunal on Nov. 24 to the SFC’s reprimand
01/05/2015
Money launderers invent new ways
Money launderers are coming up with new and inventive ways to go about their financial crimes
01/05/2015
Ex-president's illegal gains, fines amount to NT$1 billion
Taipei, Jan. 5 On a day when former President Chen Shui-bian was released on medical parole, the Supreme Prosecutors Office issued a reminder Monday that Chen and his family have racked up illegal gains and fines of NT$1.01 billion so far.