Managers of Wealth Asia Pacific

Singapore’s highest court unfreezes assets of Swiss art dealer

It described the freeze order as an "abuse of the court's process".

4 foreign banks have applied for wholly-owned subsidiaries, says RBI

So far, only the Singaporean lender DBS and State Bank of Mauritius have publicly stated their interest in converting their franchise models in the country into local subsidiaries.

Switzerland could turn the scales in 1MDB scam

Swiss financial regulator FINMA said on August 19 that it will check with some of the country’s banks on whether they carried out any business with 1MDB and whether fishy transactions were involved.

Bitcoin CEO's arrest leaves trail of unanswered questions

A fresh warrant resets the clock on how long police can hold him and grill the self-described computer geek over Tokyo-based MtGox's missing Bitcoins.

China pumps $23bn into banks

The People's Bank of China provided 110 billion yuan ($A23.4bn) to 14 financial institutions through its medium-term lending facility to maintain liquidity in the banking system

Appleby Acted on HKEx listings for Foundation Companies Pak Wing & Wan Kei

Wan Kei Group raised approximately HK$170 million, and a majority of the net proceeds will be used for expansion of machinery and equipment, recruitment and repayment for certain outstanding finance leases.

Swiss financial regulator looking into possible connection between banks, 1MDB

Swiss financial regulator Finma is checking with some of the country's banks on whether they carried out business with Malaysia's troubled state investment fund 1Malaysia Development Berhad, a spokesman said yesterday.

No circular on fixing orders from offshore banks: Zeti

The central bank governor also reiterated that BNM had no plans to peg the ringgit.

HSBC, Stan Chart’s compliance expansion scuppered by junior churn

Stan Chart is now set to continue its compliance hiring spree, which is focused on Asia

Pua asks if 1MDB even knows how much ‘units’ in Singapore are still worth

Pua also contested Arul Kanda’s claim that Malaysia was “not a jungle” without laws

Goldman Sachs's unit obtains Hong Kong banking license

A wholly-owned unit of Goldman Sachs Group received a banking license from The Hong Kong Monetary Authority (HKMA), the HKMA announced on Wednesday, in a step that creates a local subsidiary through which the U.S investment bank can book its trades.

Switzerland's FINMA looking into possible Swiss connection to 1MDB

The fund has been dogged by controversy over its $11 billion debt and alleged financial mismanagement.

India shakes up financial sector with payments bank licences

Designed to boost financial inclusion, payments banks will allow transfers and take deposits up to a limit of Rs100,000 ($1,532), and are expected to reach customers predominantly via mobile phones.

ICBC chairman welcomes fintech regs

The rules stipulate that client funds be held at recognised banks, that traditional bank accounts be used to channel large payments, and increased the disclosure requirements for online lending or crowdfunding platforms.

SEBI to assess salary cost of asset management companies

Some funds pay fancy salaries to their heads and other officials, resulting in erosion of capital, which ultimately affect the investor adversely.

China shadow banks appeal for government bailout

Analysts worry that a series of bailouts in recent years has encouraged irresponsible lending by fuelling the perception the government will not tolerate default.

SEBI Relaxes Norms To Make It Easier For Startups To Raise Funds And Get Listed

The new initiative is brought into the effect mainly to encourage Indian startups and entrepreneurs to stay in the country

Viet Nam: DongA Bank put under special supervision

It said it would also comprehensively reorganise DongA for the bank's secure, healthy and sustained development.

IRESS signs major offshore group to broking software

Financial services technology and software provider IRESS has signed a deal with global equities transaction broker to provide order management services for its local operations.

Recent changes in Chinese Foreign Exchange Policy - RBC Global Asset Management

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