01/06/2012
Japanese Banks Get 'Stress Tests'
The move could sharpen investors' focus on the risk to Japan's economy from its ballooning debt.
Legal, Regulation & Compliance
01/06/2012
Rules on risk disclosure beefed up
The Hong Kong Monetary Authority has issued beefed-up guidelines for selling of investment products by financial institutions.
01/06/2012
Harneys funds partner relocates to Hong Kong
He also has extensive onshore and offshore experience of a wide range of corporate matters, structured and project finance.
01/05/2012
Mukesh’s name was on Swiss list, but it was an error, says HSBC
However, the revelation raises the possibility that the Swiss bank account in question may be linked to his brother Anil Ambani.
01/05/2012
Baker & McKenzie bolsters Tokyo with five Linklaters lawyers
“Japanese companies have been making aggressive moves abroad as a result of a strengthening yen and recognition of the need for greater geographic diversity following disruptions to their operations due to the tsunami and earthquakes in 2011,”
01/04/2012
India to sign tax deal in Macau
The SAR Government has so far concluded Tax Information Exchange Agreements (TIEA) or Double Taxation Conventions with 12 different countries or regions.
01/04/2012
Citigroup Sues Hedge Fund Manager in Singapore Over Gold Losses
The first closed hearing is scheduled for Jan. 27.
01/04/2012
Japanese FSA issues foreign exchange deposits warning
This follows the revelation that the Japanese FSA took action against at least 35 financial institutions this year for breaching securities rules.
01/03/2012
BI Reminds Sharia Banks on Gold Pawn
Halim added that the sharia bank must follow the guidelines considering the highly fluctuant gold prices.
12/30/2011
Australian tax exile in Singapore 'in fear of a Paul Hogan'
AN expatriate Australian businessman accused of fleeing Australia to avoid prosecution for tax evasion has compared himself to fugitive French film director Roman Polanski and actor Paul Hogan.
12/29/2011
New U.S. tactic for suspected Swiss bank tax cheats
U.S. authorities hunting in Swiss banks for suspected tax cheats have a new weapon in their arsenal: an arcane but aggressive legal maneuver more commonly used against drug smugglers, money launderers and Imelda Marcos, widow of the Philippine dictator.
12/28/2011
Korea Regulator Says To Ensure Financial Market Stability At All Costs
South Korea's financial regulator said its top policy priority for 2012 is maintaining the stability of the local financial markets and it won't shy away from taking extreme measures if necessary.
12/28/2011
When to Go Above The Boss's Head
His story is exemplary of the whistleblower-like firings and resignations that have graced headlines since the days of Enron.
12/27/2011
Japan’s FSA to Add 32 Officials to Tighten Bank, Rule Oversight
Japan’s Financial Services Agency said it will hire 32 officials to help tighten oversight of illegal trading at securities firms and other regulations as it boosts its headcount and budget for next year.
12/26/2011
Australia Judge Denies Ex-Hanlong Executive’s Travel Request
An Australian judge refused to allow a former executive at a Sichuan Hanlong Group unit to leave the country after his alleged partner in an insider-trading scheme failed to return from a trip to China.
12/26/2011
Black money probe: IT department decides to reopen tax returns of suspects
Faced with a number of cases of denial of secret foreign bank account holdings, the Income Tax department has decided to re-open past tax returns of such individuals in Mumbai and Delhi among others, in order to unearth black money stashed abroad.
12/21/2011
Baker & McKenzie seeks opportunities in ongoing crisis
In an interview during his first visit to Thailand since he took over the chairmanship in November last year, Leite was bullish on the prospect of the emerging world, as firms in several countries including Thailand are spreading businesses overseas.
12/21/2011
Former UBS wealth manager floated two firms in India
Trader accused by UK regulator of trying to create illegal investment arm for Anil Ambani.
12/19/2011
Class action against more Australian banks
A British expat is behind the biggest class action in Australian history
12/19/2011
Two major global banks ordered to suspend part of operations in Japan
The order represents the FSA's third administrative action against Citibank Japan, following those in 2004 and 2009.