Managers of Wealth Asia Pacific

Watchdogs are no longer tough cops on the beat on white collar crime

When it comes to corporate regulation in this country there are one set of rules for the top end of town and another for the rest.

ASIC allowed NAB to check and alter media release into bank's Wealth's Navigator errors

The corporate regulator agreed to alter a media release about a significant system error at National Australia Bank after it gave the bank the chance to "review" and suggest changes to the document before it was made public.

Singapore Exchange Nudges Listed Companies With Comprehensive Code for Corporate Governance

The Singapore Exchange (SGX) has released a disclosure guide aimed at aiding companies’ compliance with the country’s corporate governance regulations

Lawyers investigate NAB, Macquarie compensation

NAB Wealth has compensated clients who received bad advice

INDIA: HSBC gets summons from tax department; fears significant fines

Facing a multi-nation probe for "alleged tax evasion, money laundering and unlawful cross- border banking solicitation", global giant HSBC today said it has been served summons by the Indian tax department

Regulatory 'attestations' could be required of bankers

It's a word that managers in Australia's banks may not be familiar with, but should be: attestation.

Calls for wider inquiry into financial planning industry

It was revealed by Fairfax Media over the weekend that NAB had quietly paid $10 million to $15 million in compensation over the past five years to 750 customers who received inappropriate advice.

Revamped board on bank frauds examines 3 cases

The Reconstituted Advisory Board on Bank, Commercial and Financial Frauds (ABBCFF) has so far looked into three cases and has given its recommendations

ASIC to offer further detail on EU compliance

ASIC restated that EUs would not be used for trivial matters but would continue to be considered in more serious cases

Superfund caught up in Portuguese bank collapse

The New Zealand Superannuation Fund is heading to court

Helping Asian fund managers navigate through Europe

As a result, promoters and investors from further afield have become more cautious about raising money from within Europe because of what they regard as a growing compliance burden and increased costs.

Singapore Regulator to Review Iceberg Report on Noble

Singapore’s financial regulator said it’s assessing a report by Iceberg Research that alleged accounting irregularities at Noble Group Ltd. Shares in the commodity trader rose

Clifford Chance Advises Man Group On QDLP Fund Establishment

We were delighted to advise longstanding client Man Group on its first QDLP fund

China’s big banks sidestep ‘too big to fail’ capital buffers

Regulators fearful of crimping global growth give lenders special treatment

Philippine central bank approves changes to foreign exchange regulations

The Philippine central bank, Bangko Sentral ng Pilipinas (BSP), has approved changes to the manual of regulations on foreign exchange transactions (FX Manual)

Asian bank capital: keeping it local

Asian financial institutions will continue to raise capital this year in order to meet the upcoming Basel III deadline in 2019

Macquarie advisers cheating - corporate watchdog uncovers overwhelming evidence dubbed 'Penske file'

An EU is a deal between the regulator and a company which avoids potentially lengthy and expensive legal action.

BDO lures tax accountants from rival Pitcher Partners as industry consolidation gathers pace

Fast-expanding accountancy firm BDO just got bigger in Brisbane.

China grants RQFII permit to Singapore’s GIC

It was one of 10 new RQFII permits to be announced, five of which went to Korean asset managers as they step up their international diversification drive.

Deutsche Bank Sued by Japan School on Derivative Losses

UBS Group AG and Nomura Holdings Inc. were also sued by the school operator last year for a total of 8.8 billion yen

Legal, Regulation & Compliance