He didn't provide examples of excessive fees or specify any banks. But banks in general have come under criticism for charging high fees for a range of services, particularly as they record unusually strong profits.
Mr X, as the person has been referred to by tribunal, denied he owned an account with the UK-based UBS Wealth Management, called Customer A account, used by some UBS officials to make large-scale unauthorised transactions.
The Norton Rose Hong Kong team can provide insights into the Competition Ordinance including why the ordinance has had a controversial ride, the penalties for contravention, exemptions, and the impact this Bill will have on companies in Hong Kong.
In assessing the three-year-old complaint, the BSP’s Office of Special Investigation (OSI) said local investment rules and regulations were not violated as businessman Washington Lou transacted business not with ING Bank Manila but with subsidiary b
Japan’s ruling party will consider limiting the period for public stock offerings to four days to curtail share declines and discourage insider trading, said lawmaker and former Morgan Stanley banker Tsutomu Okubo.
Yam, who retired as head of Hong Kong's de facto central bank three years ago, was speaking in his private capacity as a professor at the Chinese University of Hong Kong.
China’s government-controlled banks, which were transformed from almost-insolvent institutions with spiraling defaults into profitable firms with the help of more than $650 billion in bailouts, had promised to improve internal controls to root out f
The HKMA will study the two reports carefully.As market conditions and public expectation on investor protection will continue to evolve over time, the HKMA will regularly review and, as and when appropriate, introduce further measures to enhance the regu
A Bangkok Court today convicted Rakesh Saxena, the former adviser to the Bangkok Bank of Commerce (BBC), and sentenced him for violating the Securities and Exchange Act.
Asia’s powerhouse law firm, King & Wood Mallesons, has announced the recruitment of three senior lawyers to its Beijing office. The hires reinforce the firm’s Energy & Resources capability, a pillar of the strategy that underpinned the