03/29/2015
Two Merrill Lynch officials face probe over botched Harvest deal
They pointed out that Peter Kim's father is Kim Baek-jun, a former presidential secretary of general affairs in the Lee administration.
Legal, Regulation & Compliance
03/29/2015
SEBI cancels certificate of registration of PineBridge Mutual Fund
PineBridge Mutual Fund has transferred its schemes to Kotak Mahindra Mutual Fund
03/29/2015
Sebi eases IFSC norms for intermediaries
Securities and Exchange Board of India has laid down rules to facilitate the take-off of the country's first international financial services centre in Gujarat next month
03/29/2015
Kuwait & China Ink Deal For Banking Control Cooperation
CBK, CBRC Aim To Boost Ties In Exchange For Regulatory Information
03/29/2015
RBI moves to restrict bank exposure to corporate loans
The Reserve Bank of India has proposed to lower the ceiling on how much a bank can lend to a single corporate group, in a move to curb risks in the banking sector at a time when bad loans are on the rise.
03/27/2015
Second bank executive charged over corruption allegations
Police have charged a second banking IT executive, understood to be Commonwealth Bank of Australia technology executive Jon Waldron, with corruptly receiving payments from a supplier.
03/27/2015
New changes in Civil Procedure Law in China could be small move towards English Common Law by Bill Ho, Counsel, Jin Mao P.R.C. Lawyers
It came into effect on 4 February 2015 and has been widely acclaimed as a milestone in China’s revolution of justice.
03/26/2015
India bank reforms positive but face implementation risks: Fitch
The announcement of the creation of a specialised Bank Boards Bureau in the recent Indian Union budget is likely to have a positive effect on corporate governance at state-owned Indian banks
03/25/2015
This year, compliance rules may be a damper on Hong Kong's Rugby Sevens
Institutional fund managers are finding it difficult to accept hospitality beyond reasonable limits because compliance is getting stricter
03/25/2015
Banks remain under pressure to clean up advice arms
The boss of Australia's big bank lobby group has defended his industry's stranglehold over the financial planning industry amid claims a consumer backlash is underway that could provide a boon for family-owned advisory firms.
03/25/2015
Singapore's central bank in touch with Malaysia on 1MDB probe
1MDB redeemed $1.1 billion from the Cayman Islands and subsequently parked it into BSI Bank Limited Singapore
03/25/2015
BRICS contingent reserve may become operational this year: RBI
It is expected that the inter-central bank agreement will be signed this year
03/25/2015
Trying to gain personally: Equity trader sacked for ‘leaking confidential information’
One of the share traders working for the country’s third largest asset management company has been fired for leaking confidential information to outsiders for personal gains, official sources said on Tuesday.
03/23/2015
UK court asks Pak to pay 150,000 pounds to India as legal fee
In a setback to Pakistan, a UK court has directed it to pay 150,000 pounds to India as legal fees in the 67-year-old Hyderabad Funds case involving the Nizam's money.
03/23/2015
Asian giant Noble takes legal action over allegations
Asian commodities trading giant Noble Group has said it will launch legal proceedings over allegations made against the firm.
03/23/2015
Vietnam c.bank agrees merger of two unlisted banks
The forthcoming merger will bring together MDB, a bank based in the Mekong Delta province of An Giang, and Hanoi-based Maritime Bank.
03/23/2015
Former ABN Amro executives claim $18m from RBS
Former ABN Amro Australia chief executive Angus James has won a legal case against the Royal Bank of Scotland for $2.9 million
03/21/2015
China may relax limits on individuals investing overseas
China is studying regulatory changes that would make it easier for individuals to invest overseas, central bank Deputy Governor Yi Gang said at a forum today.
03/20/2015
Sri Lanka traces stolen RM3.7b in public funds to Dubai
Former president Mahinda Rajapakse and his immediate family are accused of siphoning large sums of money
03/19/2015
Global law firm appoints first international managing partner
Since 2008-09, the firm’s revenue from international offices has grown 41%. At the same time, non-UK based partner numbers have grown by 195%.