03/28/2014
Hong Kong passes key sukuk bill
The programme had 14 listed bonds currently outstanding worth
Legal, Regulation & Compliance
03/28/2014
Philippine central bank leaves policy rate steady,but tightens liquidity
The Philippine central bank left its policy rate steady on Thursday, as expected, after it lowered its inflation outlook but analysts say tightening is on the cards as growth stays resilient and with possible upside risks to prices.
03/28/2014
China securities regulator says to improve rules for QFII scheme
China will further improve management and tax policies for the Qualified Foreign Institutional Investor programme to attract more foreign investment into the country's capital markets, the securities regulator said on Friday.
03/27/2014
Hong Kong passes Islamic bond bill, paves way for $500m Sukuk
Hong Kong lawmakers passed a bill on Wednesday that will allow the AAA-rated government to raise around $500 million via Sukuk, or Islamic bonds.
03/27/2014
UBS Suspends FX Traders in New York, Zurich and Singapore
UBS AG suspended foreign-exchange traders in the U.S., Singapore and Switzerland as its investigation into the alleged rigging of currency markets widened.
03/27/2014
HKMA asks banks to tighten lending to Chinese firms
The Hong Kong Monetary Authority has asked banks to tighten their approval processes on syndicated loans for Chinese companies raising offshore loans in Hong Kong
03/26/2014
What Happens Before and After an IPO in Hong Kong - Maples & Calder
This article first appeared in the Spring 2014 edition of the IFC Economic Report published by IFC Review.
03/26/2014
IFLR Honors Firm at Asia Awards
Latham receives High-Yield Deal and Pro Bono Law Firm of the Year awards from International Financial Law Review.
03/26/2014
Norton Rose Fulbright appoints new debt capital markets partner
I am looking forward to returning to the Middle East to continue to develop Norton Rose Fulbright’s conventional
03/26/2014
Clayton Utz ends Hong Kong association to focus on Australia
Australian firm Clayton Utz and its Hong Kong association firm Haley & Co have broken off their relationship, with the former retrenching to focus on its domestic market.
03/26/2014
UBS Suspends FX Traders in New York, Zurich and Singapore
UBS AG suspended foreign-exchange traders in the U.S., Singapore and Switzerland as its investigation into the alleged rigging of currency markets widened.
03/24/2014
Account problems cloud Hong Kong hub hopes
Controversially, banks including HSBC and Standard Chartered are rejecting companies and trusts registered in the British Virgin Islands and Cayman Islands, say senior executives at Hong Kong corporate services companies
03/24/2014
CBA banks on privacy social contract for future smart services
Commonwealth Bank of Australia technology chief Michael Harte said trusted privacy protection will be the killer app for his business during the next decade.
03/24/2014
Why have regulators done so little to rein in the credit rating agencies?
It's the one question about the 2008 financial crisis that people still ask me more than any other: Why have regulators done so little to rein in the credit rating agencies?
03/23/2014
Sebi to issue guidelines for FATCA compliance next fiscal
With talks underway for an Indo- US agreement to combat possible tax evasion by Americans through Indian entities, Sebi plans to issue new guidelines for market intermediaries in this regard next fiscal.
03/21/2014
Eastern Caribbean Court of Appeal Stays BVI Unfair Prejudice Proceedings in Favour of Chinese Courts - Appleby
In a recent judgment the Eastern Caribbean Supreme Court, Court of Appeal, reversed the decision of Bannister J in Gao Chunhe v Najing Ocean (BVI) Co. Limited in the Commercial Division, and stayed BVI unfair prejudice / just and equitable winding up proc
03/21/2014
China regulator warns of risks in insurance asset management products
The CIRC is tightening supervision of the issuance of such products
03/21/2014
A&O and Allen & Gledhill lead on SocGen’s private banking sale in Asia
Allen & Overy is advising Societe Generale on the disposal of its private banking business in Singapore and Hong Kong to Singapore’s DBS Bank, which turned to Allen & Gledhill and Clifford Chance for advice.
03/19/2014
HK labour market short of compliance professionals, recruitment firms say
A struggle to comply with new market regulation is heating up the Hong Kong labour market for finance and accounting professionals, recruitment firms observe.
03/19/2014
Russian Hacker Accused Of Raiding Swiss Banks Arrested In Bangkok
He is accused of causing as much as $4 billion worth of damage to several Swiss banks.