ComplianceAsia - Financial Industry Compliance News

Politics and Public credit: Looking through the Lens of the Reserve Bank of India

Tony Tsang — Mon, 20 Feb 2012 08:37:35 +0000

Typically developing countries are either struggling or just unwilling to distinguish their finances and politics. Due to insufficient control systems, central banks are prone to becoming used by...

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The Encrypted Files of Swiss Banks

Tony Tsang — Mon, 13 Feb 2012 04:08:47 +0000

The US has been chasing the whereabouts of offshore assets pretty much since the advent of the financial crisis hunting for tax evasion. This is a topic we have mentioned earlier in November 2011...

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A Review of Asian Regulators

Tony Tsang — Wed, 18 Jan 2012 01:09:31 +0000

Starting off the new year, we may as well do a recap of last year’s events. To summarize the equities market saw glimmers of hope at last year’s dawn but the mood later relegated. The US...

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Resource Review: Financial Regulators Gateway

Ben Keefe — Wed, 30 Nov 2011 05:22:31 +0000

What is it? The Financial Regulators Gateway is a directory of financial regulators throughout the world, as well as a directory of the relevant statutes and regulations in each jurisdiction. ...

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MF Global faces Escalated Inquiry

Tony Tsang — Fri, 25 Nov 2011 09:50:29 +0000

The House Financial Services Committee has asked Mr. Corzine to attend a hearing scheduled for Dec 15 to inquire events leading up to MF Global’s collapse. Some observers are ringing the...

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Ever-spreading are the US tentacles to uncover Offshore Assets

Tony Tsang — Mon, 21 Nov 2011 02:44:39 +0000

The US has been stretching its tentacles to uncover even non-Swiss offshore accounts. According to a Justice Department press release dated Nov 17, the federal grand jury had just indicted Desai of...

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When Regulatory Reforms Become Political, and Personal

Tony Tsang — Fri, 18 Nov 2011 01:30:39 +0000

It is not breaking news that US regulatory reform has turned political, at least in the case of OTC derivatives reform. Most recently views of the SEC and CFTC diverge on how much this market should...

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SEC proposes further reforms on money market funds

Tony Tsang — Wed, 16 Nov 2011 01:30:28 +0000

The SEC is proposing to tighten regulations governing money market funds. Money market funds are traditionally a safe investment vehicle holding almost exclusively shorter-term, high quality bonds....

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US frustrated in streamlining Audit Practices Abroad

Tony Tsang — Tue, 15 Nov 2011 02:52:18 +0000

James Doty, chair of the Public Company Accounting Oversight Board (PCAOB), reiterated his concern on Chinese audit inspection, according to Reuters report on Nov 11(EST). He observed that some...

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Basel III and Eurozone bank capital requirements

Tony Tsang — Mon, 14 Nov 2011 01:13:28 +0000

Fortune published an interesting discussion on calculating capital threshold in Europe and America on Nov 2 (EST). In anticipation of Basel III, banks will be required to meet new thresholds....

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