07/31/2013
Banks want RBI to ease product management rules
RBI has asked banks to sell third-party products at only those branches which have specified trained personnel for the purpose
Legal, Regulation & Compliance
07/31/2013
Sidley continues to ramp up Singapore with fourth partner hire since local licence win
Sidley Austin has hired its fourth partner in Singapore since receiving a local licence in the city-state in February, giving it a total partner headcount of eight.
07/30/2013
Offshore incorporations down - Appleby
Offshore incorporations down, but signs indicate 2013 will be a watershed year
07/30/2013
Taylor Wessing prepares South East Asian network launch
Initially, the firm plans to formalise its relationship with the local firms it has worked with in Indonesia, Vietman, Malaysia and Thailand by entering into an association, but plans to expand its regional network to cover the whole ASEAN.
07/30/2013
SJ Berwin partners vote through $1bn merger with KWM
SJ Berwin will become one of four partnerships under KWM’s existing Swiss Verein
07/30/2013
US firm Blank Rome closes Hong Kong office as partners depart
In a statement, co-chairman and managing partner of the firm Alan Hoffman said it planned to focus on its Shanghai office going forward.
07/28/2013
Private capital inflows should be liberalized, adviser says
The higher the risk is, the higher banks pay for the premium
07/28/2013
Hong Kong accountancy watchdog launches probe into Deborah Annells
Hong Kong's accountancy watchdog has launched an investigation after a complaint was lodged against the local accountant expelled from Britain's Chartered Institution of Taxation
07/28/2013
SFC reprimands and fines A One Investment Company
The Securities and Futures Commission has reprimanded A One Investment Company Limited and fined it $1.2 million for internal control failures
07/25/2013
US law firm adds two M&A partners in Singapore
Both join from the Singapore office of Norton Rose Fulbright
07/24/2013
Vietnam Gets Tough on State Firms in Growth Push: Southeast Asia
Vietnam Gets Tough on State Firms in Growth Push: Southeast Asia
07/23/2013
Minter Ellison takes tax duo from Ernst & Young in Hong Kong
er Ellison has added two tax lawyers to its Hong Kong office to Spearhead the Development of its tax practice in the Region.
07/22/2013
AIFMD will reduce choice and increase costs for fund managers and investors
New research by BNY Mellon, the global leader in investment management and investment services, points to significant uncertainty about Alternative Investment Fund Managers Directive
07/21/2013
RBS Sued by Fired Emerging-Markets Rates Head Over Bonus
Royal Bank of Scotland Group Plc’s former Head of Emerging Market rates Lee Tze Kiang sued the lender claiming his bonus was wrongly forfeited when he went to work for a hedge fund firm after he was fired.
07/18/2013
Minter Ellison eyes Asia growth
The Sydney-based firm is also considering opening an office in Singapore as part of a strategy to boost its international work in response to a sharp slowdown in domestic M&A activity.
07/18/2013
UBS fined $30,000 for Decimal Point Mistake
UBS Securities Australia has Paid a fine of $30,000 After a Misplaced Decimal Point Caused the Price of a BetaShares ETF to fall by 99%.
07/18/2013
Taylor Wessing hires Morgan Stanley lawyer to launch Singaporean compliance group
He will also spearhead newly established RHTLaw Compliance Solutions, a financial services compliance consultancy firm.
07/17/2013
AIFMD set to sideline Asian funds
A significant number of Asian alternative fund houses are likely to cease all attempts to raise money in EU countries as a result of imminent European regulation.
07/17/2013
Basel III 'constrains' ANZ in Asia: Hodges
Australia and New Zealand Banking Group Ltd deputy chief executive Graham Hodges says the bank's Asian operations are facing regulatory constraints from the Basel III Rules
07/17/2013
Fund managers skip Asia's first Basel III Tier 1
UOB sells bulk of new hybrid to local Private Banks