Managers of Wealth Asia Pacific

Bank to continue investment strategy when need arises

There will be job increases in Vietnam and also in the Philippines where we have applied for a licence.

Singapore Central Bank Says Ready to Curb Excessive SGD Volatility

The MAS manages monetary policy by letting the Singapore dollar rise or fall against the currencies of its main trading partners

MAS says BSI's Swiss appeal has no bearing on its regulatory action

Switzerland also began criminal proceedings against BSI.

UBS Gives IRS Records on U.S. Citizen’s Account in Singapore

The IRS said it needed the records to determine Hsiaw’s income tax liabilities from 2006 to 2011.

Regulator dials up pressure on banks’ real estate lending

The comments add to heated debate that ANZ, Westpac, Commonwealth Bank and National Australia Bank may have to seek more cash from shareholders in coming years to meet new regulations, on top of about $18 billion raised last year.

APRA outlines plans to refocus Appointed Actuary role

APRA's proposals are designed to ensure the role remains fit for purpose.

ASIC puts culture top of mind

Poor culture often leads to poor outcomes for investors and consumers, impacts on the integrity of the Australian financial markets, and can erode investor and financial consumer trust and confidence.

Welfare fraud targeted more than tax evasion

White collar criminals get a better deal than welfare fraudsters because the system is biased before they even get to the courts, a lawyer says.

Hackers Hit Indonesia, South Korea Central Bank Websites

In response to the attempted hacks, Bank Indonesia has blocked 149 regions that don't usually access its website, including several small African countries, deputy governor Ronald Waas said in an interview late on Monday.

Macquarie admits to mismanagement of van Eyk fund

The Australian Securities and Investments Commission has filed a lawsuit in the Supreme Court of New South Wales against Macquarie,

Lombard International granted Hong Kong brokerage licence

Located in the heart of Hong Kong’s financial district, the new subsidiary will serve local market needs and act as a gateway for future expansion opportunities in Asia.

Potential Penalty in Australia Rate Cases Dwarfed by Bank Profit

The lenders have denied any wrongdoing and vowed to defend the suits, which resume next week in Melbourne.

India clarifies FATCA and CRS requirement

The tax agency states that self-certification from account holders will now be permitted through a user’s online banking platform.

Swiss-based private bank appeals regulator’s 1MDB sanctions

On Thursday BSI hit back with an appeal to the Federal Administrative Court, arguing that FINMA had overstepped its authority in a manner that has “severely harmed the reputation of the bank and its employees.”

A generational mind-set to servicing family wealth

This is the approach that Shanker Iyer takes in spearheading The Iyer Practice.

Leading lawyer to leave for top role Down Under

He currently serves as the President of the Law Society of England and Wales, comes after a long global search for a suitable candidate to guide the Law Council through a dynamic and exciting period for the legal profession.

Chinese banks brace for storm in face of shadow finance calm

A more cautious tone among big lenders could reflect growing concern about credit risk

Regulators Can't Force Good Risk Management

Such behavior misses the root cause of the crisis: namely a pervasive lack of effective risk governance among key financial market participants.

Speculation swirls over India's next central bank chief

Some observers expected turmoil in the Indian market in the first trading session since Rajan's surprise Saturday announcement of his departure.

China’s debt problem needs more than Three Stooges impression

There are signs Beijing is making Chinese regulators adopt a joined-up approach to corporate debts

Legal, Regulation & Compliance