Managers of Wealth Asia Pacific

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.

Conyers tops 2014 China Law & Practice Awards, including Offshore Law Firm of the Year

The ceremony took place on 18 September 2014 at the JW Marriott hotel in Beijing. Flora Wong accepted the awards on behalf of the Firm.

New Zealand: FMA fast tracks money laundering probes

A number of New Zealand agencies, including the Reserve Bank and Department of Internal Affairs, are required to supervise the regime.

Global banks look at large-scale hiring as regulators tighten norms

With regulators getting more stringent about banking norms, large global banks are looking at large-scale hiring of mid-to-senior-level professionals in functions such as risk, audit, compliance and legal over the next 12 to 18 months.

Eight more granted RQFII status in August

The quota will be used for investment in a private or discretionary fund

Allen & Overy advises on Hong Kong's inaugural sukuk issuance

It is encouraging to see there is growing interest in developing Islamic finance in Asia

A former executive at an investment bank is claiming nearly $4.5 million in damages for alleged sexual harassment

In my experience a woman's IQ halves when she falls pregnant

China's sprawling private financial market urgently needs regulation

Many enterprises leaders are suffering strained funding supplies and striving to keep afloat by borrowing high-cost private loans

International law firm announces additional partners in London and Hong Kong

Their accomplishments and strengths have been widely recognized over the years, but, more importantly, the results they have obtained for their clients are the true proof of their excellence.

Deutsche Bank fires rogue forex trader

The bank recently dismissed a trader after checks uncovered irregularities in how he recorded his trading activities.

Legal, Regulation & Compliance