08/14/2014
China says 18 fugitives linked to financial crimes now captured in overseas manhunt
Those arrested include two bank fraudsters who surrendered to Cambodian authorities
Legal, Regulation & Compliance
08/13/2014
Singapore central bank wants to strengthen oversight of credit bureaus
. Such agencies are not subject to regulation or penalties currently.
08/12/2014
Standard Chartered to scour mountains of data for money laundering, with penalty at stake
Both sources spoke on condition of anonymity as they are not authorized to speak publicly about the matter.
08/12/2014
Five Australian banks face class actions on fees
Australian legal firm Maurice Blackburn said on Tuesday it had filed open class actions against five banks over late credit card fees worth hundreds of millions of dollars.
08/12/2014
INDIA: Five lessons from bribery scandals in banks
Cracks in the banking system show that the sector needs an overhaul
08/10/2014
ICBC executive sued by ex-employer Deutsche Bank over US$4 million transfer
The lawsuit demands that Zhang Hongli, now senior executive vice-president of ICBC, pay Deutsche Bank more than US$6.3 million as compensation for all losses plus interest.
08/10/2014
India: Regulations alone won’t work to control India’s illegal finance market
Even as a new legislation empowers the Securities and exchange board of India to tighten its grip over entities running ponzi schemes above Rs 100 crore, such regulations could help only to cure the symptoms
08/08/2014
Thailand: Lawsuit against Noble 'aims to protect investors'
The dispute between SET-listed property developer Noble Development Plc and a group of shareholders has intensified after ABN Amro Nominee Singapore Ltd came out to defend itself.
08/08/2014
CCB Asia adds offshoretier two toBaselIII capital rush
China Construction Bank Asia is meeting investors for what could be the lender’s first ever BaselIII ompliant bank capital transaction.
08/07/2014
Govt mulls FMC’s merger with Sebi
The move also shows the Centre's willingness to go ahead with the proposed changes, despite the concerns expressed by the Reserve Bank of India over dilution of its powers, something that was even articulated by central bank governor Raghuram Rajan.
08/07/2014
Japan regulators highlight interest rate risk; regional banks vulnerable to BOJ exit
Japanese financial authorities are joining forces to scrutinise for the first time banks' exposure to a potential spike in interest rates, with a focus on the risks to regional lenders when the central bank eventually ends its massive easing.
08/06/2014
Taiwan to ease rules on wealth managers starting new mutual funds
They will receive approval as soon as 12 days after filing applications to the FSC, it said.
08/06/2014
Bakers leads the way in the 13th annual The Macallan ALB HK Law Awards 2014
Winners of these awards will be announced at a gala black-tie ceremony on September 5, 2014, at the Conrad Hotel in Hong Kong.
08/06/2014
Couple suing UOB over their 'antique' jewellery and valuables
Lee said that on Oct 22, 2012, an officer from the Dang Wangi police station and the bank’s manager informed him that the safe deposit box had been broken into.
08/05/2014
Singapore readies SGD1m fine for listing rules violators
The said fine was agreed upon by MAS and SGX as part of the long list of rules that the two regulators have nailed into place.
08/05/2014
International law firm granted licence to open in Seoul
They will now move forward with obtaining the additional regulatory clearances required for the new office, in anticipation of the office opening in the autumn.
08/04/2014
Indian bank chief arrested over bribery allegations
The CBI, the country's top crime-fighting body, said it "laid a trap"
08/04/2014
Class-action lawyers looming over Macquarie
The slide noted the bank was writing to its clients to inform them of the MPW remediation process
08/04/2014
Claims against advice arm have no factual basis: Macquarie
The group said that it found no evidence of the claims that Macquarie management circulated answers to competency examinations among its financial advisers.
08/04/2014
road & Bright opens in HK and GZ, plans Tokyo launch
Broad & Bright Hong Kong Office was established on June 13, 2014, and is a registered foreign law firm and in association with CFN Lawyers, Hong Kong local law firm.