Vietnam lucrative for foreign banks

United Overseas Bank, one of Asia’s leading financial institutions with 500 offices in 19 countries and territories, already had a branch in Ho Chi Minh City.


Advisers to be judged by peers

The panel would comprise participants from the financial services and credit industries, as well as non-industry participants such as lawyers and academics, and at least one ASIC staff member.


Regulator Shuts Down Wealth Manager

This means that OAIP has ceased to be a licensed fund management company and is no longer permitted to carry on business in fund management in Singapore.


Asia fund houses eye Mifid impact on research

First State Stewart Asia has changed its approach to paying for research, in an early indication that asset managers in the region will not be immune from looming EU rules.


UBS Must Face Trial On Whether Holding Co. Was Customer

U.S. Magistrate Judge William Matthewman, who is fielding the case without a district judge, said the facts of the case could be interpreted in favor of either UBS or Bounty Gain Enterprises Inc. The holding company has asked arbitrators with..


CITIC cleared by tribunal in case of 2008 losses

The tribunal began looking into Citic and directors including former Citic chairman Larry Yung Chi-kin in September 2014 even as the SFC launched a lawsuit seeking sanctions against the five and compensation for up to 4,500 investors.