02/07/2013
SC takes enforcement action against RBTR and seven other individuals
The civil action was filed in the Kuala Lumpur High Court on 23 January 2013.
Legal, Regulation & Compliance
02/07/2013
A&O, Ashurst and Bakers pick up places on panel for Australia's AMP
The assessment and selection process, started in the second half of 2012, was let by AMP group’s general counsel Brian Salter.
02/06/2013
Partner exodus continues at Linklaters' Aussie ally
Two more partners have left Linklaters’ Australian ally Allens to join rival firms in Sydney and Singapore.
02/06/2013
SE Asia central banks seek overhaul of FX forward rates from Singapore
The discussions show heightening concerns at central banks in Indonesia and Malaysia over Singapore's market for non-deliverable currency forwards (NDFs), which they say has undermined foreign exchange controls.
02/06/2013
Sebi extends subscription period for RGESS schemes
It has been extended from five days to 15 days from the closure of the initial subscription.
02/06/2013
Merrill wins dismissal of CDO lawsuit by South Korea's Woori
A U.S. judge threw out a lawsuit from South Korea's Woori Bank accusing Bank of America Corp's Merrill Lynch unit of misleading investors about the riskiness of collateralized debt obligations, saying the suit had missed a deadline under South K
02/06/2013
HKMA's announcement on measures to strengthen HIBOR fixing mechanism
The HKMA decided to accept the proposals from the HKAB and the TMA, and requested them to take forward the following enhancement measures in six months' time:
02/05/2013
Libor scandal in Europe rattles traders in Mumbai
"This issue about legacy contracts is a problem that needs to be sorted out. Else, there could be legal problems later."
02/05/2013
HK regulator bans ex-Merrill Lynch Asia employee
The District Court found that, between September 2007 and February 2008, Hsu dishonestly effected a number of unauthorized transactions, fund transfers and loan draw downs in customer accounts that she handled during her employment with Merrill Lynch.
02/05/2013
SFC bans Wing Hang Bank employee for life
The disciplinary action follows Ho’s conviction for misappropriating around $1.3 million from three customers’ accounts by forging their signatures
02/04/2013
Chinese Regulators Rein in Bank Lending Amid Flood of New Loans
The lender also received a warning from the China Banking Regulatory Commission for approaching the limit on loans in relation to deposits.
02/04/2013
Tax rise imminent, warns KPMG China
KPMG China predicts a budget deficit due to government spending and says a goods and services tax will help to widen the tax base
02/03/2013
Shell India accused of tax evasion
A spokesperson for the India arm confirmed receipt of the notice from the tax department.
02/03/2013
Swiss tax haven is over
International tax services, apart from the American, will be able to collect data relevant from January 1, 2013.
02/03/2013
Linklaters Recruits M&A Partner in Singapore
In addition to his M&A work, he also was a part of the firm’s India practice group.
01/31/2013
China to crack down on Ponzi-style ‘fund pools’
CBRC would remain vigilant against fund pools and other risks.
01/31/2013
Singapore Currency-Fixing Probe Snags Traders
Banks in Singapore are nearing the end of their investigations into whether traders conspired to manipulate exchange rates for Asian currencies, bankers here said
01/29/2013
Serious Fraud Office Brings Criminal Charges Against New Zealand Forex Dealer
Chalmers and an associate registered Chalmers Cameron Investments Limited (CCIL) in 2007. The company went into voluntary liquidation last May, owing investors approximately $5 million.
01/29/2013
Slaughter and May names new Hong Kong senior partner
Slaughter and May’s incumbent Hong Kong senior partner Richard Thornhill will retire
01/27/2013
Bank probes find manipulation in Singapore's offshore FX market
The discovery widens a global lending rate scandal into new markets, as fallout from the Libor case puts banks under added scrutiny and spurs both regulators and institutions to reconsider how certain key interest and currency rates are set.