In October 2010, KPMG wrote about the new agenda for Islamic finance institutions globally and three months on, we would like to examine how the industry has fared specifically on a number of areas that were discussed.
In the financial services industry, the business agenda has firmly moved from survival and cost containment to growth, as firms look to rebuild their earnings models.
The Chinese banking sector continues to flourish and the number of hedge fund investors is increasing rapidly in the country on the back of its strong economic growth.
Since the global financial crisis, tax authorities globally have been carefully monitoring compliance risks from planning activities associated with the use of tax losses by banks.
The current interest rate environment in many parts of Asia has been forcing the transaction banks to explore way to accelerate growth of their fee based income.
On August 5, 2010, the Supreme People’s Court of the People’s Republic of China issued the Provision on Several Issues on the Trial of Disputes Involving Foreign Invested Enterprises.
The South East Asian countries are on a journey from agriculture and industry to value-added services. To reach their destination, they are looking to increase both inward and outward investment. That, in turn, requires a significant increase in finance professionals.
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Commentary
Transaction Banking: The year that was & the year that is going to be
Transaction Banking: The year that was & the year that is going to be
Islamic finance in Malaysia and infrastructural issues
2011: Rabbits and financial instruments accounting
The “defenses” to protecting your money
Mind the gap: High-performance IT in financial services
China’s hedge funds show promise, development remains slow due to regulatory hurdles
Deduction of cost incurred to acquire treasury share under an employee share scheme
Bank losses under scrutiny
Foreign-Invested Partnerships: New vehicles for private equity investments in the PRC
Social media – an opportunity for transaction banks
Indonesia issues a Merger Control Regulation
Issues raised by the SPC’s recent judicial interpretation on FIE Disputes
Businesses in the Asia-Pacific Region are recovering from the shocks to the Global Economy
Moving towards a tax level playing field for Islamic finance
The world after the G20 Summit in Seoul
Basel III and its implications for the world banking system
South East Asian Economies Must Scale Up for Growth