Managers of Wealth Asia Pacific

Moody's: Singapore's proposed bail-in regime is credit positive for senior bank creditors

The FSB's Key Attributes call for a framework that forces banks to create additional buffers

JI chief asks Supreme Court to take suo motu notice of Swiss accounts

Jamaat-e-Islami (JI) chief Siraj-ul-Haq has demanded of the Supreme Court of Pakistan for taking suo motu notice to bound the government for bringing national wealth back from Swiss banks and unveiling the names of Pakistani depositors.

On Samsung’s Home Turf, U.S. Hedge Fund Fights to Block Merger

Elliott Advisors opposes combination of Samsung C&T and Cheil Industries

PNG corruption exposed in Australian sting

Australia has been exposed as a safe haven for corrupt funds from Papua New Guinea with lawyers caught on video explaining how to deposit stolen money in Australian bank accounts.

CFPG advised Chongbang Holdings (International) Limited on its close to US$920 million institutional capital raising

Chongbang is a leading Shanghai-focused developer, owner and operator of retail-anchored mixed use projects.

Monetary Authority of Singapore reprimands SGX for market outages

The Monetary Authority of Singapore has reprimanded Singapore Exchange for lapses related to the market outages in 2014 and directed the exchange to improve its recovery capabilities and processes, said MAS in a news release Wednesday.

China's top legislature reviews BRICS bank agreement

The agreement was signed by five of the bloc's members -- Brazil, Russia, India, China and South Africa -- on July 15 last year during the sixth BRICS summit.

New rules for hedge fund firms could transform Australian sector

Australia has taken a decisive step towards its advancement as a global investment market, with the smooth passage of the Investment Manager Regime legislation through the Australian Parliament.

Statistics of payment cards issued in Hong Kong for first quarter 2015

The payment card statistics include quarterly data on credit and debit cards issued in Hong Kong under the credit and/or debit card schemes of the eight payment card scheme operators.

Mara implicated in Australian property scam – The Age

Majlis Amanah Rakyat (Mara) through a subsidiary, MARA Inc, allegedly overpaid developers of an apartment building in Melbourne by A$4.75 mil (RM13.68 mil) in a property scam, Australian daily The Age said today.

Overseas home buyers to be targeted in Kiwi tougher tax rules

New Zealand lawmakers have begun considering new regulations aimed at closely monitoring overseas property buyers, the government announced Tuesday.

2ndary lenders to lower rates Regulator expects burden on poor to be eased; spending to be boosted

The government will lower "murderous" lending rates charged by private lenders and expand low-rate loans to lessen the burden on low-income borrowers, the Financial Services Commission (FSC) said Tuesday.

Offshore law firm launches new brand identity

The new identity will be applied across the eight jurisdictions in which Ogier operates: BVI, Cayman Islands, Guernsey, Hong Kong, Jersey, Luxembourg, Shanghai and Tokyo.

ASIC updates guidance on collective action by investors

ASIC today released updated regulatory guidance for investors to help them in taking collective action to improve the corporate governance of listed entities.

Compliance window for black money in July

From early next month, those with undisclosed income and assets abroad are likely to get a window to declare these without facing prosecution.

Indonesia regulator may ease foreign ownership rules for Islamic banks

Indonesia's financial regulator said it may ease foreign ownership restrictions for Islamic banks - a move that could attract Middle Eastern lenders such as Bahrain's Al Baraka Banking Group.

UOB Asset Management gets RQFII licence and 1.2b yuan RQFII quota

With the ability to provide onshore yuan solutions to its institutional and retail clients, UOBAM will launch three China onshore RQFII funds in the region in the coming months.

Rules clear for banks on money laundering and due diligence

PEPs are defined in the international standards set by the Financial Action Task Force, on which most jurisdictions base their anti-money laundering combating the financing of terrorism frameworks.

Local govt debt issuance threatens China central bank's easing efforts

Heavily indebted local govts have issued more than 600 billion yuan of municipal bonds in the past month

Crackdown on multinational tax avoidance likely to be thwarted, says expert

The G20's efforts to crack down on multinational tax avoidance are likely to be defeated by national self-interest, particularly from the United States, one of Australasia's top tax advisers says.

Legal, Regulation & Compliance