Tuesday, 6 December 2011

Interaction of regulatory change and financial services transfer pricing in Asia

On 14 November 2011, Ernst & Young’s Hong Kong Financial Services Transfer Pricing (FSTP) team hosted a transfer pricing seminar discussing the impact of recent regulatory change on transfer pricing in the region. Chaired by James Badenach, Ernst & Young’s Asia Pacific Banking & Capital Markets Tax Leader, the session started with Phil Rodd from Ernst & Young’s Hong Kong Regulatory Advisory team introducing recent regulatory developments and their application in the Asia region, including Basel III, the UK Independent Commission on Banking and the US Dodd Frank Act. Once introduced, Stephen Labrum, Patrick Cheung, Samuel Gordon, Justin Kyte, Jonathan Thompson and David Elwell from our FSTP teams in Hong Kong, New York, London and Tokyo, respectively, discussed the impact these developments are having on banking groups’ FSTP policies.