05/29/2012
The government of Singapore is inviting more foreign law firms to apply for Qualifying Foreign Law Practice (QFLP) licences and will start accepting applications from 1 July.
05/28/2012
The multiple-license system will replace the existing practice of banks requiring just a single license, after which they have widespread freedom in conducting their business, constrained only by the nation’s banking law.
05/28/2012
She was detained on March 6 as part of an investigation into one of her high net worth clients who was suspected to have left China late last year after absconding with millions of dollars.
05/28/2012
It will also ratchet up the pressure on Nomura CEO Kenichi Watanabe, who had just taken the helm in 2008 when the company fired a Hong Kong-based employee at the centre of an insider trading ring.
05/28/2012
Private companies would be allowed to buy into banks through private stock placements, new share subscriptions, equity transfers, mergers and acquisitions, the official China Daily said, citing the China Banking Regulatory Commission.
05/28/2012
In a statement, Allen & Overy Asia managing partner Thomas Brown cast the expansion into Vietnam as a part of a broader strategy to build an "unrivalled footprint" across Southeast Asia.
05/28/2012
India's S&R Associates has increased the number of its partners from five to seven with the promotions of Venkatesh Vijayaraghavan in New Delhi and Bhakta Patnaik in Mumbai. The promotions were the first for the firm since 2008. Patnaik, who was
05/28/2012
Hogan Lovells is assessing options, with a merger with a mid-tier Australian firm the preferred choice for many partners.
05/25/2012
The study, which was carried out among 1,530 executives from 16 different industries and 64 countries, identified organisational and cultural resistance as the most common barriers to internal audit's ability to step up and meet stakeholders' in
05/23/2012
In a plan submitted to the Indian Parliament Monday, the government also said it was considering allowing undeclared gold to be deposited with banks.
05/23/2012
Financial professionals in Hong Kong, the world’s biggest market for initial public offerings for the last three years, have closely watched the regulator’s proposals.
05/22/2012
The new rules, which are stricter than the global ones, will require systemically important banks to maintain capital adequacy ratio at 11.5 percent and core CAR at 9.5 percent by December 2013. The global deadline is the end of 2015.
05/21/2012
ONE of the many government reports that arrived during the week and passed almost unreported was the multi-party parliamentary report into the Trio-Astarra superannuation fraud, and more's the pity.
05/18/2012
The bank lodged an appeal against the US court order on Thursday, Japan time, he said.
05/17/2012
Even if U.S. tax rates increase slightly, they would remain historically low.
05/17/2012
Lim, 50, is the second bank chief to be arrested since Solomon, Mirae, Hanju and Korea Savings Bank were suspended for six months on May 6 for failing to meet financial-strength standards.
05/17/2012
A spokesman for the Financial Services and the Treasury Bureau said, "These amendments seek to remove from the Banking Ordinance certain licensing criteria for banks, which have become unnecessarily restrictive and put Hong Kong at a disadvantage whe
05/17/2012
O’Melveny & Myers has appointed longtime capital markets partner David Johnson as the new head of the Hong Kong office, relocating from the firm's Century City office in California in the US.
05/15/2012
Tony Chan, 52, the former lover of the eccentric billionaire – known as "Little Sweetie" for her taste in school-girlish attire and pigtails – appeared at a magistrates' court in Hong Kong for a pre-trial hearing that has revive
05/15/2012
Appearing in the Rotorua High Court this morning Kara Mary-Jo Hurring, 33, entered the plea on on 25 counts of theft, three counts of attempting to dishonestly use a document, and two counts of money laundering.