06/16/2013
KYC laxity at private banks has put us to loss: SBI
The country's top three private sector lenders have already been penalised by Reserve Bank for KYC violations.
Legal, Regulation & Compliance
06/16/2013
Global law firm appoints new Hong Kong partner
He has spent 26 years advising on public M&A and equity capital markets transactions.
06/16/2013
China grants 5 licences to overseas investors in May
China granted licences to five overseas institutional investors in May,allowing them to buy Chinese stocks and bonds.
06/16/2013
HSF overtakes Bakers as biggest international firm in the region
The Lawyer Asia Pacific 150 reveals that newly merged Anglo-Australian firm Herbert Smith Freehills has taken over Baker & McKenzie as the largest international firm in Asia Pacific by lawyer headcount.
06/14/2013
KWM continues management shake up with two new practice heads
King & Wood Mallesons has appointed two new practice heads in Australia
06/14/2013
RBS dealt fresh blow by Singaporean regulator
The Royal Bank of Scotland has been dealt a fresh blow after Singapore’s financial regulator ruled some of its traders attempted to manipulate inter-bank rates.
06/14/2013
SMA censures ANZ, Macquarie Bank after review forced by Libor scandal
ANZ and Macquarie Bank have been censured by the Singapore Monetary Authority after a major review of benchmark settings in the wake of the Libor scandal.
06/13/2013
Multinational law firm goes back to Bakers for latest Asia hire
She also defended MasterCard in US antitrust litigation initiated by American Express and Discover concerning alleged exclusionary practices, which settled in 2008.
06/12/2013
David Ross charged over alleged Ponzi scheme
A Ponzi scheme uses cash from new investors to pay returns to existing members, who typically think they are reaping the rewards of an astute investment plan.
06/12/2013
Singapore Regulator Said to Plan Bank Reprimand on Rates
The island nation’s review into possible manipulation of the Singapore interbank offered rate follows a global crackdown on rigging of benchmark borrowing costs by banks and brokers.
06/11/2013
Credit Suisse fined HK$1.6m by SFC
Credit Suisse Securities has been fined more than HK$1.6m by the Securities and Futures Commission in Hong Kong.
06/11/2013
Singapore QROPS Investors Win Battle For Court Challenge
QROPS retirement savers battling to stop HM Revenue and Customs (HMRC) snaffling more than half of their pension pots have won permission to challenge the tax man in court - See more at: http://www.iexpats.com/singapore-qrops-court-challenge/#sthash.MODoV
06/10/2013
Davis Polk hit by $1.4m lawsuit from recruiter over Clifford Chance HK hires
Davis Polk was “unjustly enriched” by sealing the hire without Metz
06/10/2013
US and Japan agree Facta co-operation
Intergovernmental Cooperation to Facilitate the Implementation of FATCA and Improve International Tax Compliance"
06/10/2013
Seyfarth Shaw raids HSF for double Australia launch
US employment firm Seyfarth Shaw has expanded into Australia by taking on eight employment partners from three firms, Herbert Smith Freehills (HSF), Ashurst and Arnold Bloch Leibler.
06/09/2013
ASIC continues crack-down on financial service providers
Former CEO gets three-year ban
06/09/2013
In China, fake European wine more worrying than tariffs
"It's the most magnificent example of a hijacked brand of wine I've ever seen," says Paumard
06/09/2013
RBI fines 3 private banks for violating KYC norms
The central bank, however, said its investigation of these banks did not reveal any prima facie evidence of money laundering.
06/04/2013
Capital Markets are Unprepared for OTC Derivatives Central - RESEARCH
Results show that 53% of capital markets respondents are not ready to centrally clear interest rate and credit default swaps
06/03/2013
Cambodian law firm Opens Laos Office
Cambodian law firm has opened an office in Laos.