02/22/2015
Revamped board on bank frauds examines 3 cases
The Reconstituted Advisory Board on Bank, Commercial and Financial Frauds (ABBCFF) has so far looked into three cases and has given its recommendations
Legal, Regulation & Compliance
02/20/2015
ASIC to offer further detail on EU compliance
ASIC restated that EUs would not be used for trivial matters but would continue to be considered in more serious cases
02/20/2015
Superfund caught up in Portuguese bank collapse
The New Zealand Superannuation Fund is heading to court
02/20/2015
Helping Asian fund managers navigate through Europe
As a result, promoters and investors from further afield have become more cautious about raising money from within Europe because of what they regard as a growing compliance burden and increased costs.
02/18/2015
Singapore Regulator to Review Iceberg Report on Noble
Singapore’s financial regulator said it’s assessing a report by Iceberg Research that alleged accounting irregularities at Noble Group Ltd. Shares in the commodity trader rose
02/17/2015
Clifford Chance Advises Man Group On QDLP Fund Establishment
We were delighted to advise longstanding client Man Group on its first QDLP fund
02/17/2015
China’s big banks sidestep ‘too big to fail’ capital buffers
Regulators fearful of crimping global growth give lenders special treatment
02/17/2015
Philippine central bank approves changes to foreign exchange regulations
The Philippine central bank, Bangko Sentral ng Pilipinas (BSP), has approved changes to the manual of regulations on foreign exchange transactions (FX Manual)
02/16/2015
Asian bank capital: keeping it local
Asian financial institutions will continue to raise capital this year in order to meet the upcoming Basel III deadline in 2019
02/15/2015
Macquarie advisers cheating - corporate watchdog uncovers overwhelming evidence dubbed 'Penske file'
An EU is a deal between the regulator and a company which avoids potentially lengthy and expensive legal action.
02/15/2015
BDO lures tax accountants from rival Pitcher Partners as industry consolidation gathers pace
Fast-expanding accountancy firm BDO just got bigger in Brisbane.
02/13/2015
China grants RQFII permit to Singapore’s GIC
It was one of 10 new RQFII permits to be announced, five of which went to Korean asset managers as they step up their international diversification drive.
02/13/2015
Deutsche Bank Sued by Japan School on Derivative Losses
UBS Group AG and Nomura Holdings Inc. were also sued by the school operator last year for a total of 8.8 billion yen
02/12/2015
Fran O'Sullivan: Watchdog needs to be open about probe
FMA should have told the market what is being investigating at Milford and given an assurance of a full report.
02/12/2015
Insurance fraudster Chen Yi receives suspended death sentence
Ex-insurance boss Chen Yi receives most severe punishment yet for illegal wealth products
02/12/2015
Basel III: Challenges ahead for banks
Muhammad Anwarul Karim in the first of a two-part article titled 'Implementation of Basel III in Bangladesh'
02/12/2015
MAS seeks more bite to oversight of derivatives, securities
THE Monetary Authority of Singapore (MAS) has proposed legislative amendments to strengthen its enforcement powers on over-the-counter (OTC) derivatives trading and the securities market
02/12/2015
Indian firms seek low-cost bank licences
Top Indian firms, including Reliance Industries and Bharti Airtel, have applied for licences to set up low-cost banks that could bring millions more people into the formal banking sector.
02/12/2015
KEB woes faze Hana Financial
Suspended bank merger, KEB’s poor showing give headaches to Korea’s No. 2 banking group
02/11/2015
Hong Kong Central Bank Warns Against Bitcoin Following Alleged Scam
Members of the public should exercise extra caution when considering an investment in bitcoin because of the digital currency's "highly speculative" nature