Managers of Wealth Asia Pacific

Goldman, Citi Drop Chinese Peer-to-Peer Lenders After Crackdown

Their concerns mainly stemmed from the timing of the deals, with an uncertain outlook for P2P companies and a slumping market knocking down valuations.

Monetary Authority Of Singapore Stops Security Token Offering

The SFA specifically notes that a securities issuer does not have to register with MAS if "the offer is not accompanied by an advertisement making an offer or calling attention to the offer or intended offer."

New payment services laws passed in Singapore

New payment services laws have been passed by Singapore's parliament in a move that will streamline existing laws while bringing many new fintech providers into the scope of payments regulation for the first time.

South Korea’s POBA seeks managers for 120 million euro private debt mandate

POBA will accept applications until January 30, and hear presentations from asset managers in late February.

‘It’s a budget of the rich, by the rich, for the rich’

Tax evaders who are an economic menace to the society

S. Korean Regulator Fines Four Global Banks for Rigging FX Derivatives

The fines follow a local investigation by Korean authorities into the alleged illegal sharing of information between the four banks, and their collusion in price bids to win FX derivatives contracts from five Korean firms.

Southeast Asian central banks, multilateral groups ‘reassess’ crisis models

An “informal” regional network was also created yesterday, led by Bank Negara Malaysia Governor Datuk Nor Shamsiah Mohd Yunus and Bank Indonesia Governor Perry Warjiyo.

TD Bank takes down ads targeting South Asians after complaint about the word 'desi'

'62% of desi Canadians don't know how much to save for retirement,' one ad says

Bank Danamon, Bank BNP propose merger

Bank Danamon acts as a receiver bank in the merger.

Vivek Doval's Cayman Islands controversy widens with defamation complaints

The magazine claimed that Vivek Doval was running a hedge fund in the Cayman Islands.

Web of factors hamper Nepal's probe into offshore investment, money laundering | #AsiaNewsNetwork

Businessmen exploiting legal loopholes while channelising illicit cash into the country

Volt Bank first neo-bank to get full banking licence

Until now, Volt, like other "neo-banks," had been limited by the fact it only held a "restricted" licence.

KPMG opens law firm in Hong Kong and plans Shanghai launch

Fu, who specialises on corporate and commercial transactions in China, joined from offshore firm Harneys where she worked as a counsel.

FBR fails to recover Rs170bn in fraud cases

An FBR official, while speaking to Dawn, said the directorate is scheduled to brief Finance Minister Asad Umar on the status of the cases next week.

World Bank arm IFC sees US$20 trillion worth of green investment opportunities in India, Asia-Pacific

IFC’s climate related investments accounted for 36 per cent out of the US$23.3 billion invested in 74 countries in fiscal 2018 – an all-time high

Westpac backed Reinventure sued by former partner Kara Frederick

When Ms Frederick, a former Goldman Sachs banker, first joined Reinventure as general partner in March 2017, her appointment was welcomed by co-founders Danny Gilligan and Simon Cant in a press release.

ASIC insiders fear legal warfare with banks could backfire

While ASIC has publicly embraced more litigation against the banks, sources close to the corporate regulator say its leadership is concerned royal commissioner Kenneth Hayne will push it too far towards litigation.

Ogier in Cayman acts on emerging Chinese real estate company's IPO on Nasdaq

MDJM Ltd is an emerging, integrated real estate services company in China incorporated as a Cayman Islands company.

4 foreign banks fined 693 mln won for price-fixing of FX derivative

The banks' actions were meant to eliminate competition among themselves and raise the prices of foreign exchange derivatives.

Court winds up SMSF firm over misuse of funds

It also restrained its director, Graeme Walter Miller, from providing financial services for 25 years. Mr Miller has also been disqualified from managing corporations for three years

Legal, Regulation & Compliance