http://www.complinet.com Complinet Asia News RSS feed en complinet.com http://www.complinet.com/global/news/news/article.html?ref=114939 SHORT-SELLING did not cause the financial crisis and restrictions on this practice reduce market efficiency, said the Singapore branch of the Alternative Investment Management Association (AIMA) on Friday. Mon, 29 Sep 2008 08:52:07 +0000 http://www.complinet.com/global/news/news/article.html?ref=114933 CHINA: During the first six months of this year, China's central bank penalised a dozen financial institutions for their involvement in money laundering, according to a state-controlled news agency. Mon, 29 Sep 2008 03:53:32 +0000 http://www.complinet.com/global/news/news/article.html?ref=114931 HONG KONG: Mr X is the chief financial controller of a Hong Kong blue chip company. Mon, 29 Sep 2008 00:04:24 +0000 http://www.complinet.com/global/news/news/article.html?ref=114930 HONG KONG: Hong Kong police have arrested a man for allegedly spreading rumours on the internet about a bank run amid anxiety about the US financial crisis, police said today. Mon, 29 Sep 2008 00:03:24 +0000 http://www.complinet.com/global/news/news/article.html?ref=114929 HONG KONG: Short sellers who default on settlement will face double the monetary penalty from next week as the widening global financial turmoil forces the regulator to take a tougher stance on illegal trading. Mon, 29 Sep 2008 00:02:54 +0000 http://www.complinet.com/global/news/news/article.html?ref=114870 KUWAIT: The Central Bank of Kuwait will host two workshops on the two standards set by Islamic Financial Services Board concerning risk management and corporate governance in institutions offering Islamic financial services. Sun, 28 Sep 2008 00:01:00 +0000 http://www.complinet.com/global/news/news/article.html?ref=114892 HONG KONG: The Securities and Futures Commission has announced its fourth criminal prosecution for insider dealing in the territory this year, which highlights its strengthened focus on curbing the activity in Hong Kong. Fri, 26 Sep 2008 06:16:19 +0000 http://www.complinet.com/global/news/news/article.html?ref=114891 The collapse of Bear Sterns, Lehman Brothers and Merrill Lynch globally and the collapse of Opes within the Asia-Pacific Region have brought to the forefront the risk of prime-broker default. Fri, 26 Sep 2008 03:41:41 +0000 http://www.complinet.com/global/news/news/article.html?ref=114890 HONG KONG: Rattled by "malicious" rumours that it was about to go bankrupt, Hong Kong's Bank of East Asia endured a bank run this week until customers were calmed by the soothing actions of one of the sages of the local stock market. Fri, 26 Sep 2008 00:58:26 +0000 http://www.complinet.com/global/news/news/article.html?ref=114854 PAKISTAN: The cabinet of the Pakistani government has approved amendments to its money laundering law to further combating terrorist financing and expand the list of predicate offences to match international standards of best practice. Fri, 26 Sep 2008 00:50:37 +0000 http://www.complinet.com/global/news/news/article.html?ref=114889 HONG KONG: Hong Kong injected nearly $500m into the financial system Thursday to shore up liquidity a day after the Bank of East Asia was hit with what appears to be region's first major bank run since the global financial crisis erupted last year. Fri, 26 Sep 2008 00:21:28 +0000 http://www.complinet.com/global/news/news/article.html?ref=114888 HONG KONG: The Securities and Futures Commission will investigate whether banks misrepresented minibonds and other complex debt securities backed by Lehman Brothers, the US investment bank that collapsed last week. Fri, 26 Sep 2008 00:17:45 +0000 http://www.complinet.com/global/news/news/article.html?ref=114887 CHINA: The China Banking Regulatory Commission (CBRC) on Thursday denied a media report in Hong Kong that it has told domestic banks to halt interbank lending to US banks. Fri, 26 Sep 2008 00:15:09 +0000 http://www.complinet.com/global/news/news/article.html?ref=114663 An anti-corruption prosecutor in Spain has charged 21 people with money laundering and is recommending sentences of 65 years in total for the defendants. Thu, 25 Sep 2008 14:00:00 +0000 http://www.complinet.com/global/news/news/article.html?ref=114846 Authorities in Hong Kong have called for a systemic review of the territory's regulatory framework following the investor uproar over the retail investment products that Lehman Brothers issued. Thu, 25 Sep 2008 07:18:29 +0000 http://www.complinet.com/global/news/news/article.html?ref=114842 HONG KONG: Retail depositors in Bank of East Asia, Hong Kong's third-largest bank, yesterday lined up outside branches across the territory to withdraw their money. Thu, 25 Sep 2008 00:40:50 +0000 http://www.complinet.com/global/news/news/article.html?ref=114840 SINGAPORE: Efforts are underway to see if anything can be done to help angry investors, who claim that they were misled into buying the now worthless Lehman structured products. Thu, 25 Sep 2008 00:09:04 +0000 http://www.complinet.com/global/news/news/article.html?ref=114841 HONG KONG: Hong Kong's security market watchdog announced on Wednesday that it has decided to probe whether Lehman Brothers-related retail structured notes have been misrepresented to local investors in the selling process. Thu, 25 Sep 2008 00:00:47 +0000 http://www.complinet.com/global/news/news/article.html?ref=114824 The Securities and Futures Commission (SFC) today announced its decision to commence formal investigation into allegations that Lehman Brothers-related retail structured notes may have been misrepresented to Hong Kong investors in the selling process. Wed, 24 Sep 2008 16:17:27 +0000 http://www.complinet.com/global/news/news/article.html?ref=114804 CHINA: The Chinese government is making no bones of the fact that it is using the credit crisis in the United States as an opportunity to not only strengthen local financial institutions but also to enhance its own control over them. Wed, 24 Sep 2008 06:56:17 +0000