The study, which was carried out among 1,530 executives from 16 different industries and 64 countries, identified organisational and cultural resistance as the most common barriers to internal audit's ability to step up and meet stakeholders' in
Financial professionals in Hong Kong, the world’s biggest market for initial public offerings for the last three years, have closely watched the regulator’s proposals.
The new rules, which are stricter than the global ones, will require systemically important banks to maintain capital adequacy ratio at 11.5 percent and core CAR at 9.5 percent by December 2013. The global deadline is the end of 2015.
Lim, 50, is the second bank chief to be arrested since Solomon, Mirae, Hanju and Korea Savings Bank were suspended for six months on May 6 for failing to meet financial-strength standards.
A spokesman for the Financial Services and the Treasury Bureau said, "These amendments seek to remove from the Banking Ordinance certain licensing criteria for banks, which have become unnecessarily restrictive and put Hong Kong at a disadvantage whe
Tony Chan, 52, the former lover of the eccentric billionaire – known as "Little Sweetie" for her taste in school-girlish attire and pigtails – appeared at a magistrates' court in Hong Kong for a pre-trial hearing that has revive
Appearing in the Rotorua High Court this morning Kara Mary-Jo Hurring, 33, entered the plea on on 25 counts of theft, three counts of attempting to dishonestly use a document, and two counts of money laundering.
Nearly ten months after it was formed to examine ways to check the menace of black money, a committee under the chairmanship of Central Board of Direct Taxes (CBDT) chief has submitted its report to the finance ministry.
And according to Banny Lam Chiu-kei, macroeconomic research associate director at CCB International, lenders will have to diversify and improve their services to remain profitable as the regulator cuts more charges.
In an interview Sunday, Asia practice head Rocky Lee said the firm was especially pleased to have recruited a team that has worked well together previously.Cadwalader, Wickersham & Taft has recruited a three-partner capital markets team from the Hong
He traded foreign currency on behalf of 73 investors, faces three charges of theft by a person in special relationship, obtaining by deception or causing loss by deception, and false statement by a promoter.