Managers of Wealth Asia Pacific

Sebi says MF schemes with bonus option 'not legitimate'

The capital market regulator has plugged the loophole that allowed savvy mutual fund investors to lower tax by bonus stripping.

Wolters Kluwer Financial Services Recognized for Fifth Year Running for Exemplary Service to Compliance and Regulation

Regulatory Analysis Team Wins “Best Editorial Team” at 11th Annual Compliance Register Platinum Awards

Central Bank employees union files PIL seeking direction to recover bad loans

Burgeoning bad debts in public sector banks has prompted an employees union to file a public interest litigation seeking the Bombay High Court’s ‘interference and directions’ for effecting loan recoveries.

Big banks back overhaul of advice industry but baulk at funding compo

After a year of turmoil in financial advice, big banks are supporting the creation of a public adviser register, more disclosure of licence ownership, and tighter rules on who can call themselves an adviser.

China Considers Limiting Individuals’ Bond Buying to Stem Risk

Regulators in China are considering restricting individual investors from buying corporate bonds rated below the top grade as policy makers seek to shift away from a “too small to fail” mentality

KWM appoints chiefs in Hong Kong

Yi and Flinn replace Stuart Fuller who covered the dual role of global managing partner of KWM and chief executive of the firm's Hong Kong partnership since 2012.

Why Hong Kong banks are desperate to hire more lawyers

A rising regulatory burden and the need to support front-office deal-making are forcing global banks in Hong Kong to hire more lawyers and give their current legal teams more specialised work.

Australia regulator urges better fee disclosure for $1.6 trillion pension funds

Australia's securities market regulator on Friday asked for complete and better disclosure of costs for investment products available in pension funds after a government-backed inquiry called for more efficiency in the $1.6 trillion system.

Coutts & Co fined in Singapore for conducting business via unregulated representative

Coutts & Co’s Singapore operation has been subject to a $30,000 administrative penalty for contravening rules set forth by the Securities and Investments Act relating to unregulated representatives

BT named Risk Company of the Year

BTFG's success in the awards follows a number of years of working on the claims process according to BTFG, National Claims Manager, Life Insurance, Paula Bourke.

Singapore, U.S. finalize agreement on tax evasion

Singapore said on Tuesday that it has finalised an information-sharing agreement with the United States that is aimed at combating offshore tax dodging.

Wasankar Wealth fails to repay investors; Sebi confirms curbs

They are also "prohibited from mobilising or pooling funds from its clients

Sebi addresses analysts’ concerns, clarifies regulations

The move follows representations made by brokerages, asset management companies and law firms, seeking clarity on the applicability of the new guidelines

Former Citic executives want lawsuit against them moved to High Court

Five former senior executives of Hong Kong-listed Citic requested to have a HK$535,000 lawsuit by 11 small shareholders transferred to the High Court

Stephenson Harwood enters alliance in Guangzhou with former partner's firm

Following on from closing its office in Guangzhou in Greater China in September this year, Stephenson Harwood has entered an alliance with local firm Wei Tu.

Financial regulators united in attack on risky loans

Australia's financial regulators have launched a joint attack on risky home lending as investment and interest-only loans threaten the stability of the financial system.

Zhou Yongkang used mistresses to build wealth

This has severely damaged the party’s image

Judge dismisses claim to recover $2.5m in losses

An Indonesian investor is appealing against a ruling that threw out his claim to recover US$1.9 million (S$2.5 million) in losses over alleged unauthorised transactions from Citibank.

Banking sector reform will affect every Australian

The Financial Services Inquiry is truly far reaching.

Managers brace for mutual recognition hurdles

Fund firms suspect high distribution costs in China will generate thin margins in the scheme's early days, but having to hire a distribution agent could help as they consider how to scale up.

Legal, Regulation & Compliance