RBS Sued for Wrongful Dismissal by Trader

RBS, Britain’s biggest government-owned lender, is co- operating with investigations by the U.S. Commodity Futures Trading Commission, the U.S. Department of Justice and the European Commission into whether Libor had been manipulated.


Indian billionaire to appeal inside trading fine

In an order dated Jan. 5, the Securities and Exchange Board of India, or SEBI, said on its website it fined Manoj Gaur 1 million rupees (about $18,900) and an equal fine on his wife and brother for alleged insider trading.


HK regulator warns banks on complex product disclosure

The city’s de facto central bank said in a letter to financial institutions yesterday that they should explain to clients that so-called junior securities “bear higher risks” than senior debt. Subordinated debt doesn’t pay out in t


ATM fraud hits DBS to the tune of $500k

Customers who used two of its standalone ATMs at Bugis Street over a three-day period in late November are likely to have had their card details and personal identification numbers (PINs) stolen, according to the bank's analysis of the fraud victims&


Rules on risk disclosure beefed up

The Hong Kong Monetary Authority has issued beefed-up guidelines for selling of investment products by financial institutions.


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,”


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.