Managers of Wealth Asia Pacific

Westpac seen expanding capital buffer with A$750 mln hybrid

Regulators have given Australian banks have one year to raise around US$7 billion under new guidelines requiring banks to hold bigger cash buffers.

Singapore vows tough action on banks in 1MDB scandal

Also pledges full assistance and sharing of information with Malaysian authorities.

Capability review of the Australian Securities and Investments Commission

The capability review will ensure that ASIC has the appropriate governance, capabilities and systems to meet these objectives and future regulatory challenges.

Russian billionaire wins ruling to freeze art dealer's Hong Kong assets alleging he pocketed US$1b in secret profits

Russian tycoon accuses Swiss art agent of pocketing US$1b secret profits

Baker & McKenzie Names New Global Leader for International Arbitration Group

Leng Sun serves as Chairperson of the arbitration panel jointly appointed by the EU and Korea

The importance of recording sources of money received from offshore transactions

The risk is that if a taxpayer cannot meet the burden of proof for documenting of a receipt of money or a transaction

Deutsche Börse gets Singapore regulatory approval for clearing house

Deutsche Börse Group has received full regulatory approval from the Monetary Authority of Singapore to operate Eurex Clearing Asia.

Macquarie pays $11m advice compensation so far

Macquarie Group's comprehensive advice remediation program has paid $11 million to disgruntled advice clients a year after it was put in place.

Standard Chartered Must Raise Up to $10 Billion, Mizuho Says

A capital issue would be dilutive, and we would expect the bank’s share price to fall initially

Australia lags global M&A frenzy as bankers, lawyers look set for seventh boom

What we have now is the start of a possible seventh

ANZ ups investor rates in response to APRA guidelines

The move is a notable escalation in moves by the big four to prop up margins.

China denies exit of rescue funds

The China Securities Regulatory Commission has denied claims that it is considering plans to withdraw funds previously used to stem the recent stock market crash.

Singapore police freeze two bank accounts related to 1MDB probe

The Wall Street Journal (WSJ) reported that investigators looking into 1MDB had traced close to $700 million of deposits into personal bank accounts belonging to Prime Minister Najib Razak.

Mindful of global risks, Philippines c.bank plots steady course

The Philippines has become a star performer among emerging markets since its reformist president, Benigno Aquino, took office in 2010.

Australia banks told to raise US$7b under new capital rules

The financial regulator also said large banks and mortgage rival Macquarie Group Ltd may have to raise more in future as the country shifts from letting property lenders decide cash reserves to making them follow global standards.

Van Eyk asset hunt: investors take legal action in Cayman Islands

The hunt for assets belonging to failed funds management empire Van Eyk has moved to tax haven the Cayman Islands.

Appleby Advised Chia Tai Enterprises on its Spin-Off and Listing

The spin-off structure featured a Bermuda company listing two classes of shares, an innovative approach on the Hong Kong Stock Exchange.

Big four accounting firms push into legal services

What's more, they have ambitious expansion plans and the capital to continue investing in this service line.

Government consults legal experts on allowing foreigners to directly invest in venture capital and PE funds

The government has sought the opinion of legal experts on allowing foreigners to directly invest in Indian venture capital and private equity funds.

IRS targets Singapore in tax evasion crackdown

First came Switzerland. Now the Internal Revenue Service has a new target: Singapore.

Legal, Regulation & Compliance