Managers of Wealth Asia Pacific

Broker returns to face charges

A New Zealand-based money broker will return voluntarily to his former home of Britain this year to face fraud charges and allegations he tried to manipulate international banking rates.

Chief regulator hints at early Hana Bank-KEB merger

South Korea's chief financial regulator on Monday hinted he may approve a merger of two local banks without an agreement with the labor union, a change from his earlier stance.

Sri Lanka's composite insurers on track to complete regulatory push

Director General of the island's insurance regulator Damayanthi Fernando told LBO that seven out of twelve composite insurers have so far completed their segregation requirements

Lenders ask court to freeze Kaisa’s assets

The first three applications, by local branches of Citic Bank, Bank of China and China Resources were first reported by Caixin, a mainland business journal.

Greenberg Traurig Announces Tokyo Office, Expanding Asia Practice

The Tokyo office will be led by an award-winning team of English-speaking Japanese lawyers

1MDB denies misled auditors on Cayman funds

1MDB reiterated that it has already brought home over RM4 billion from the tax haven

Government stake dilution not sufficient for Basel III: RBI

Centre viewing to scale down their holdings in PSBs to 52 per cent

Hong Kong reforms: Li Ka-shing urges lawmakers to act

Hong Kong's richest person, Li Ka-shing, has urged lawmakers to pass controversial reforms that will change how the territory's leader is elected.

New Year promotions at Collas Crill

In the firm's top-tier Dispute Resolution team, Simon Hurry (Jersey) and Ben Havard (Guernsey) have both been promoted to Senior Associate. In Collas Crill's Singapore office

ASIC probes senior trader Paul Woodward

A Senior ASIC probes senior trader Paul Woodward

Bank Negara grills top executives as 1MDB fails to settle RM2 billion debt again

Not only is heavily indebted 1Malaysia Development Bhd getting a new chief executive officer, but it has also failed for a second time to pay a RM2 billion loan to local lenders due on December 31 last year.

All offshore accounts not illegal but offshore black money has to be brought back

India's topmost law officer, Attorney General of India Mukul Rohatgi, walks the corridors of India Inc and the Government of India with equal ease.

State sharia banks may merge this year

State-owned sharia banks and units seem likely to merge to form a new large sharia-compliant lender this year as regulators and the government are currently preparing the right scheme for it.

Executives at parent firm of Credit Suisse's China partner summoned in probe

The statements closely followed an announcement by Founder Securities on Friday that a court had frozen 1.77 billion yuan ($285 million) in its bank accounts, in connection with a dispute with Beijing Zenith Holding Ltd, its second-largest shareholder.

Legal, Regulation & Compliance