Japan plans stiffer penalties for insider trading

Financial services minister Tadahiro Matsushita on Wednesday instructed an advisory panel of scholars and experts to review current regulations and propose new rules, including penalising those who pass on insider information.


Malaysian bank chief calls for reform

The chief executive of CIMB Group also said that following this year’s deals for parts of RBS's investment bank in Asia and a commercial bank in the Philippines, he has finished the acquisition spree that increased staff 40 times and grew the b


International law firm promotes 63 to global partnership

Forty-four per cent of the promotions were made in the firm’s Asia Pacific practices, where 28 partners were elected, with 20 across its Europe, Middle East and Africa offices, nine in North America and six in Latin America.


Japan eyes tighter insider trading laws amid probe

Matsushita, head of Japan's Financial Services Agency, made the comments a day after prosecutors arrested former SMBC Nikko Securities executive Hiroyoshi Yoshioka and three others on insider trading allegations.


Ex-SMBC Banker Arrested Amid Insider Trading Probe

Japan’s Securities and Exchange Surveillance Commission and Yokohama city prosecutors are investigating former SMBC Nikko executive Hiroyoshi Yoshioka, 50, and the other individuals, the financial watchdog said in a statement.


Private banks geared for Basel III

After the financial crisis of 2008, many financial institutions had to be bailed out by their respective governments. This necessitated stricter regulations, including higher capital requirements for banks to weather future shocks relatively better.