Managers of Wealth Asia Pacific

UBS Traders Found to Have Tried Rigging Hong Kong Rate

UBS AG traders tried to rig Hong Kong’s benchmark interest rate between 2006 and 2009, the city’s central bank said following a more than yearlong probe.

Banks and capital requirements: channels of adjustment

Bank capital ratios have increased steadily since the financial crisis.

Hong Kong.: EU regulator defends extraterritorial laws

The chairman of the European Securities and Markets Authority, Steven Maijoor, outlines to AsianInvestor his views on the effect of rules such as AIFMD on non-EU jurisdictions.

Singapore to Regulate Bitcoin Operators to Curb Money Laundering

Singapore plans to regulate virtual-currency intermediaries including operators of Bitcoin exchanges and vending machines to address potential money-laundering and terrorist-financing risks.

China to experiment with private banks

China will launch a trial programme for private firms to set up banks.

Here is all you want to know about Sahara Chief Subrata Roy and his scam

There is no relief for Sahara chief Subrata Roy as the Supreme Court has stayed hi plea. Subrata Roy will be in judicial custody till March 26.

SC to step up capabilities for Islamic fund, wealth management

The Securities Commission will further strengthen industry capabilities and cross-border linkages in the area of Islamic fund and wealth management

China to launch private bank pilot programme

The pilot, which was approved by China's government in January, is the first tentative step by the country to open its hitherto closely guarded banking sector to private investors.

ADB punishes individuals, firms in $1 billion fraud probe

The Asian Development Bank has imposed sanctions on 30 people and 31 firms for "integrity violations", following a 2013 fraud investigation into $1 billion worth of projects it funded,

GIC will maintain price discipline in its investing decisions

The five principles are: pursue intrinsic value and maintain price discipline; practise long-term investing; pick our spot: be focused and leverage our strengths; pay attention to risk control and prepare for the future.

SEBI: Appoint directors to fulfil anti-money laundering obligations

Asks intermediaries to furnish details to Office of the Director, FIU-India

Hong Kong Probe Finds No Manipulation of Benchmark Rate

Hong Kong’s de facto central bank has notified banks in the city that a more than year-long investigation found no successful manipulation of the local benchmark interest rate

International law firm strengthens Finance practice with hire of Asia-based specialist

He will join the Finance practice and work in BLP’s Hong Kong office, one of three offices the firm now has in Asia.

Harneys becomes latest offshore firm to launch in Singapore

The Singapore base will be led by the firm’s global banking head Colin Riegels, alongside funds partner Lisa Pearce.

US firms muscle in on Hong Kong

Hong Kong IPO activity is hotting up again, but UK legal stalwarts are looking over their shoulders as US rivals make up ground fast

Top-tier Portuguese firm opens doors in East Timor

One of Portugal’s biggest law firms is to launch an office in the Asia-Pacific island of East Timor at the end of this month.

Milbank mulls move away from Hong Kong law practice

Any move to close down the practice is expected to trigger the exit of Yih, although this as yet unconfirmed.

HKMA boss gets rival tip for second term

These are just random reports

ANZ faces class action appeal

An appeal has been lodged over a court ruling in favour of some fees charged by Australia and New Zealand Banking Group.

PAKISTAN: Changes in REIT regulations on the cards

The Securities and Exchange Commission of Pakistan has proposed changes in the REIT regulations to attract investment in the real estate sector.

Legal, Regulation & Compliance