Managers of Wealth Asia Pacific

ASIC accepts enforceable undertaking from Queensland financial adviser

ASIC found Mr Churchill’s advice relating to the replacement of personal insurances

China to raise offshore yuan reserve requirements for some banks

By forcing banks offshore to hold more yuan in reserve, it would reduce the amount of the currency available in the market, squeezing supply further and making it more difficult and expensive for speculators.

ANZ probes sacked traders' allegations of sex, drugs, booze

The claims come at a time of growing global concern around financial markets conduct.

China to raise offshore yuan reserve requirements for some banks: sources

The PBOC has managed to prop the offshore yuan back up in recent weeks through state banks operating in Hong Kong

Former Brisbane financial adviser jailed after pleading guilty to fraud charges

The defendant did not invest the money into secure investments as directed but instead, fraudulently redirected the funds, through a number of different accounts, to a personal trading account held by him with another organisation.

Billions of dollars of the “Royal” family deposited in a Dubai Bank

He made this observation today at the Cabinet briefing held at the Information Department Auditorium.

President Aquino vetoes SSS pension increase

PRESIDENT Benigno S. C. Aquino III yesterday vetoed a bill increasing the monthly pension of Social Security System members, citing the measure’s “dire financial consequences.

ANZ Bank Sued by Two Traders Fired Over Offensive Messages

The two men were among seven traders suspended by the bank in November 2014

Former bank adviser slapped with 10-year ban

Cheung has appealed to the Administrative Appeals Tribunal for a review of ASIC's decision.

Chinese banking regulator asks banks to reduce yields on wealth management products: sources

The China Banking Regulatory Commission could not be reached for comment, while the Central Depository and Clearing Corporation declined to immediately comment.

Surprise policy easing by MAS 'unlikely'

The MAS surprised investors last January when it eased its exchange-rate-based policy in an unscheduled statement

Leading U.S. Law Firm Continues International Expansion

Butler Snow partner Kurt Rademacher will head up the Singapore office.

Mourant Ozannes advises on £152.6M takeover of Japan Residential Investment Company Limited

It holds a large, diverse portfolio of residential properties in Tokyo and other major cities of Japan.

Nomura to Pay 82 Million Yen to Former Employee in Settlement

The parties agreed not to make any further complaints against each other

APRA looks to Europe for bank rescue plan

Novo was created in 2014 as a publicly-owned "bridging" entity out of BES's ashes.

Private Bank Sued by Headhunter Over New Hires’ Fees

The search firm’s fees are 28 percent of an employee’s first-year pay package which includes a basic wage of as much as S$550,000 for a senior private banker, target bonus and joining payment, according to Mancano’s lawsuit.

China freezes out three banks from parts of the currency market

Some participants in renminbi trading have been suspended as Beijing tries to stabilise the currency

Slater & Gordon bankers bring in investigative accountants

As part of that process, we agreed that our banking syndicate would appoint their own advisers, who we expect to work alongside those appointed by the board

Turkey must harmonize laws with China-backed bank before Jan. 16

Turkey has until Jan. 16 to harmonize its domestic laws with the legal structure of the Asian Infrastructure and Investment Bank to be able to appoint a representative to the bank's board.

Financial watchdog eyes tougher assessment of interest rate risk

The Bank of Japan's monetary easing has kept yields on Japanese government bonds at historic lows.

Legal, Regulation & Compliance