Managers of Wealth Asia Pacific

New Sheriff In Town: The Monetary Authority of Singapore Creates New Anti-Money Laundering And Enforcement Departments

The changes are set to take place on 1 August 2016.

Estranged Husband Sues Samsung Royalty For US$864 Million

He has also demanded 10 million won for mental distress.

A need to be niche

With rising overheads from these and efforts to tackle other business risks, private banks need to rapidly find a way to weather the storm.

Singapore Monetary Authority To Update Cloud Guidelines

As well as holding the trade and industry portfolio, Lim is the deputy chairman of MAS, Singapore’s central bank and financial regulatory authority. He announced the updates in a speech made at a banking industry dinner last week.

Four Taiwanese Nabbed In Bangkok For Bank Card Fraud

The Taipei Economic and Cultural Office in Thailand has been kept up to date about the case and yesterday identified the four Taiwanese in custody, the ministry said.

Wealth Management In India: Regulatory Issues

The wealth management industry in India is at a nascent stage with a potential to develop into a high-growth wealth management market.

Former adviser charged with fraud

ASIC has alleged that between September 2010 and October 2011

Pakistan regulator lays out plan to grow capital markets

Pakistan’s equity capital market suffers from a lack of high quality listed companies and initiatives are needed to boost the market as a whole, according to a new plan from the country’s regulator.

Singapore monetary authority plans cloud computing policy

The Monetary Authority of Singapore (MAS) will set out its "expectations on the use of cloud computing services" by financial institutions (FIs), the regulator has confirmed.

Former Indian Bank CMD convicted

The credit facility was sanctioned for taking delivery of cashew nuts which were already imported in the name of Maxwell Exim Private Ltd. and MVR Industries Ltd.

BDO gets nod to take full control of Generali Pilipinas

BDO is re-focusing its insurance strategy to align with its thrust to solidify its presence in the broad-based middle income market.

Convertible notes made more attractive for startup funding

Funds received by a startup amounting to Rs 25 lakh or more by way of a convertible note, in a single tranche from a person, will not be treated as a 'deposit'.

Two US funds sue DBS Bank, OCBC for Singapore rate rigging

In 2013, Singapore's Monetary Authority of Singapore (MAS) censured a record 20 banks

The People's Bank of China Tolerates Further Weakening of Yuan After the Currency Recorded an All-time Low Value

According Reuters's source, the decline was expected especially after the historical Brexit vote and may affect China's yuan for a significant period of time.

Former Indian Bank's CMD sentenced to undergo rigorous imprisonment

On completion of trial, M Gopalakrishnan and Sai Jagannathan were convicted and sentenced to three years of rigorous imprisonment

Regulator to set rules for launching foreign hedge funds in China

This is part of the commitment the CSRC made during the US-China Strategic and Economic Dialogue in 2015.

Central banks key defence after Brexit

US earnings growth was very weak in the first quarter, but that's the lowest point," added Ms Tan, who was speaking at the bank's CIO Asia Pacific Forum.

Central bank cuts its policy rates on back of growth concerns

The latest rate cut came one week after the UK voted to leave the EU, a move that has jolted global financial markets with its economic spillover expected to persist in tandem with the exit process.

Deposits by Indian nationals in Swiss banks fall from Rs. 26,000 crores to Rs. 8,392 crores

The amount belongs to Indians in Swiss banks have been showing a declining trend except in 2011 and 2013.

Law Enforcers Pledge to Stay Away from Tax Amnesty Data

The maximum tax rate in the amnesty program is 10 percent of the value of declared assets.

Legal, Regulation & Compliance