Managers of Wealth Asia Pacific

Linklaters advises on first Basel III Tier 2 Offshore bond by a Chinese entity

No doubt, more will follow in the coming months

BSP orders banks to install additional security measures against card fraud

The Bangko Sentral ng Pilipinas has ordered banks to step up security measures against card fraud amid growing consumer complaints involving card skimming and similar schemes.

Taiwan's FSC to step up consumer rights protection

Taiwan's Financial Supervisory Commission (FSC) is poised to remove a ceiling imposed on fines for violations of consumer rights caused by inappropriate sales of financial instruments, reports our Chinese-language sister paper China Times.

Korea: Korindo head probed for alleged tax evasion

We will conduct the probe into these allegations in accordance with related procedures

Banks request clarity on tax treatment over bonds under Basel III norms

Some of the regulators, including pension regulator (PFRDA), have also raised issues on the taxation structure of these bonds

More asset managers opt to adopt CFA Institute’s code of conduct

The prospect of such a universal set of principles and values is paramount to true borderless markets

Myanmar steps up institutional banking push

ANZ opened a representative office in Yangon, Myanmar's largest city, last year as it expands in emerging countries that are growing faster than its home market.

DBS chief warns of Basel fallout

As Asian countries roll out Basel III frameworks for their banks, the CEO of Singapore’s biggest lender has warned that the more stringent bank capital rules for the already well-capitalised local lenders may hurt economic growth in the region.

Interpol opens Singapore centre to fight cyber crime

This week Japan Airlines Co Ltd became a victim, reporting up to 750,000 pieces of data about customers on its frequent flier service had been stolen as a result on malware attached to its computers.

Myanmar Awards Foreign Bank Licenses

Australia & New Zealand Banking Ltd. and three Japanese banks on Wednesday won coveted licenses to operate in Myanmar

Two Singapore banks among 9 worldwide to receive approval to operate in Myanmar

The licence will allow the banks to offer a full range of banking products and services to foreign companies and joint ventures, as well as domestic banks in Myanmar.

Debevoise to convert Hong Kong office into local practice

The office has 19 lawyers in total.

RDR lessons mounting for Asian regulators

Evidence from Europe on the effects of banning inducements for distributors offers authorities in Asia important evidence as they consider how best to protect investors.

China allows direct currency trading with euro

It said the move will "help lower currency conversion costs for economic entities"

China lets foreign institutions invest more in its markets in Q3

China boosted the quotas it gives foreign institutions to invest in domestic securities by the largest amount in the third quarter since the final quarter of 2012 and regulators may also raise the limit on a parallel yuan-denominated programme.

Standard Chartered suspends certain Hong Kong operations

Standard Chartered Plc has suspended some of its Hong Kong banking operations, including over-the-counter services and check deposits, until further notice due to "situations in certain areas

ATM hackers hit six Affin Bank outlets for RM1.3m

A total of RM1.271 million has been stolen from six automated teller machines belonging to Affin Bank Berhad and Affin Islamic Bank Berhad in Johor, Melaka and Selangor, Affin Bank said in a statement today.

New rulebook for SWIFT MT messages for Islamic Finance

It is available for Islamic Finance practice covering all FIN MT messages

New Zealand: Ross investors push for fidelity fund protection

Ross, a financial adviser, ran a Ponzi-scheme through the Wellington business and disguised it by falsely reporting clients' investments.

NAB solicitor quits to join Rockwell Olivier

Rockwell Olivier, which is part of the ASX-listed ILH Group, was created when four boutique firms merged last year.

Legal, Regulation & Compliance