08/22/2012

Bird & Bird appoints China chief in regional push

The firm's London and China executive committees developed the first-time roles in light of its ambitious strategy to grow the area to represent 20% of the firm's total revenue and lawyer headcount in the next three to five years.

08/22/2012

Appleby bolsters Asian team

John Melia added: “I am really excited to be joining our established and experienced transactions team in Hong Kong, and look forward to helping them build on their success in delivering the highest standards of service to our clients in Asia and w

08/21/2012

Hong Kong backs plan to probe Hibor interbank rate

Britain's Financial Services Authority is considering possible reforms to how the Libor is set after a scandal erupted in June over rigging of the rate. Mr. Chan noted that Hong Kong would wait for the recommendations to see if the city would follow

08/19/2012

China tightens lending rules for trusts, corporate bill market

The moves, coming separately from the People's Bank of China and the China Banking Regulatory Commission, form part a campaign to clean up China's financial system as it opens up domestic capital markets to diversify funding options for cash-s

08/19/2012

As Dodd-Frank looms, Asian banks look to cut U.S. trading ties

The Dodd-Frank Act was spurred by the 2008 financial crisis and aims to impose tighter supervision of cross-border derivatives trade following incidents such as the loss-making trades by the so-called "London Whale" at JPMorgan's UK office.

08/15/2012

Iran seeks higher returns on S. Korea bank accounts

Iran's central bank has won-denominated accounts at Industrial Bank of Korea and Woori Bank, both owned by the Korean government, to settle payment for its oil sales to Seoul, and its product imports from the Northeast Asian country.

08/14/2012

HSBC banker sues Yahoo Singapore over online imposter

According to Bloomberg, Sandeep Sharma, a managing director at HSBC private banking arm, has asked the Singapore High Court to make Yahoo! Asia Pacific reveal the identity of a person using the name "Sandeep" and claiming to be Sharma.