04/08/2013
Yes Bank sacks 6 employees for leaking emails
The mails, however, later found their way to people outside the banks, including journalists.
Legal, Regulation & Compliance
04/04/2013
Australia targets multinationals over tax evasion
Australia will force corporate giants such as Google Inc and Apple Inc to disclose their tax arrangements
04/04/2013
Links tops Q1 Asia M&A rankings as global deal levels hit three-year low
Linklaters also performed well in the closely watched Africa market, moving up from 32nd to second in the Africa and Middle East value rankings after advising on deals worth a total of $5.1bn (£3.4bn), including Eni East Africa's sale of a $4.
04/03/2013
Slaughters' Japan best friend Anderson Mori to open in Singapore and Shanghai
One of the country's ‘Big Four' firms and which has a best friends relationship with magic circle firm Slaughter and May, will also launch a branch in Nagoya to boost its coverage in Japan.
04/02/2013
CMB in race to meet rules on wealth products risk
This value must be reduced by an unspecified amount, China Banking Regulatory Commission said on March 25.
04/02/2013
Hong Kong's Deacons hires WilmerHale's Beijing head
Beijing is WilmerHale’s only office in Asia.
04/02/2013
HKMA and SFC HK to comply with international FMI regulatory standards
The report contains 24 principles for FMIs and five responsibilities of regulatory authorities to provide for the effective regulation, supervision and oversight of FMIs.
04/02/2013
When it comes to taxes, India’s wealthy avoid them
The nouveau riche are just about everywhere in India, spending conspicuously in luxury stores and auto showrooms. Unless it’s income tax time. Then, suddenly, they barely exist.
04/01/2013
HDFC hires Deloitte to conduct forensic audit
The bank is committed to the highest standards of compliance, corporate governance and ethics
04/01/2013
SEBI rationalises debt limits for foreign investors
The existing debt limits for FIIs would be merged into two board categories -- government securities of USD 25 billion and corporate bonds of USD 51 billion.
04/01/2013
Master plan to develop Singapore into global IP hub
Intellectual property has become a key driver of economic growth globally.
03/31/2013
Hong Kong commits to global regulatory standards on financial market infrastructures
The new standards are contained in a report “Principles for financial market infrastructures”
03/31/2013
Big four banks set to take on govt over super plans
The heavyweights of the financial services industry will travel to Canberra next week to lobby treasurer Wayne Swan to leave the superannuation system alone, Fairfax Media reports.
03/27/2013
Missing Billionaire Casts Pall on China’s Private Business Push
This time, his own brother is the suspect
03/26/2013
Slaughters' Japanese best friend to open in Singapore and Shanghai
According to the firm, demand for its services in South-East Asia from clients across financial services, manufacturing and retail means a launch in Singapore is necessary.
03/25/2013
KWM brings tax man back into the fold
Prior to working for Mallesons, he was employed with KPMG.
03/25/2013
Barclays Investigating After Private Banker Firing
Barclays has dismissed a Singapore- based private banker
03/25/2013
UBS asks Singapore court to seal cases of two fired traders
The request for seals underscores the highly sensitive information within the cases, which stem from a global crackdown on banks involved with submitting false reference rates for various markets to benefit trading books.
03/24/2013
Asset management licence of DCML cancelled
The commission has also taken action against DCML’s chief financial controller/company secretary
03/24/2013
Bird & Bird strikes alliance deal with Australia's Truman Hoyle
“It makes sense for us to formalise an agreement in Australia."