Managers of Wealth Asia Pacific

Singapore regulator proposes new rules for financial benchmarks

Last year MAS censured a record 20 banks after it found more than 100 traders in the city-state tried to rig key borrowing and currency rates

Taiwan and China to discuss RQFII independently from cross-strait agreement

The cross-strait trade-in-service agreement failed to mention whether there would be a limit in the trading amount of the RQFII, allowing some space to maneuver for both Taiwan and China.

Hong Kong government's reserves are not big enough to fight 'financial predators'

Head of the HKMA believes the government's reserves can fight off 'financial predators', but in reality it is a case of Norman versus Goliath

MAS announces proposals to regulate financial benchmarks

Under the change, the manipulation of any financial benchmark in Singapore will be considered a criminal offence.

Conyers advises Jinmao (China) Investments Holdings Limited on US$500 million IPO

This IPO is the fourth Business Trust listed in Hong Kong, Conyers having advised on each of such listings.

HK life ban for Union Securities duo

An SFC investigation found that Union Securities, with the involvement of Ma and Cheng, misappropriated approximately $400,000 from two clients who thought they were depositing those moneys for settlement of orders.

Japanese hedge fund challenges regulators in insider trade case

A small Japanese hedge fund has made a rare challenge against financial regulators over a 2010 insider trading case, disputing a finding that one of its fund managers acted on an insider tip of a share offering by energy firm Inpex Corp.

Mixed reaction to possible changes in Chinese JV rules

A potential relaxation in regulations governing asset management joint ventures (JVs) in China has received a mixed reaction from the industry, Asia Asset Management found.

Slaughters adds to Hong Kong partnership to bring total to 13

Over time we’ve made periodic promotions in Hong Kong when the moment is right

Macquarie spends $49 million to fix private wealth

Macquarie also came under fire as a Senate committee report last month recommended a royal commission

Mayer Brown taps Bryan Cave for five-strong Asia consulting team

Mayer Brown has poached a five-person team from Bryan Cave in Singapore to set up an Asia-focused consulting arm in the city-state.

RBS fined $1.6 million after rigging local interest rate

RBS will make a voluntary contribution of $1.6 million to finance independent financial literacy projects in Australia as part of an enforceable undertaking, according to a release the Australian Securities and Investment Commission.

Philippines enacts law letting foreign banks fully own local lenders

The act replaces a cap of 60 percent on foreign ownership of Philippine lenders and abolishes restrictions that have allowed only 10 foreign banks to have fully-owned operations in the country.

NZ c.bank to review bank rules, aims to simplify regulations

New Zealand's central bank on Tuesday said it would begin a review of the country's banking regulations this month to assess their effectiveness in the aftermath of the global financial crisis.

Switzerland raise legal issues over sharing details of illegal Indian accounts: Arun Jaitley

Jaitley said the treaty between India and Switzerland on information sharing was prospective in nature, the reason why the country was not cooperating on the previous lists of such account holders.

Co-operative Bank seeking court injunction to prevent NZ Association of Credit Unions from rebranding to 'Co-op Money' and 'Co-op Insurance'

This to us is big bank bullying and we will strenuously defend for all New Zealanders the right to use this word

Legal, Regulation & Compliance