Managers of Wealth Asia Pacific

BNP Paribas enters EU with ASIC

BNP Paribas has entered into an enforceable undertaking with the Australian Securities and Investments Commission in relation to potential misconduct involving the Australian Bank Bill Swap Rate.

A&O's Wickenden heads to Hong Kong to steer US securities practice

Allen & Overy’s London-based capital markets partner Jim Wickenden has moved to Hong Kong to steer the firm’s US securities practice.

Australian regulator reprimands BNP Paribas over rate fixing

French bank BNP Paribas SA has been censured by Australian regulators after revealing its traders tried to influence the setting of the country's benchmark inter-bank interest rate, the latest in a string of scandals over global rates setting.

HKMA urges Hong Kong banks to keep higher-than-Basel capital reserves

The Hong Kong Monetary Authority is in talks with local lenders to keep more reserve capital than is required internationally in case there is an economic downturn but banks have opposed the recommendation

Applyby advised standard Chartered Bank On Loan facilities To Prosperity

Appleby acted for Standard Chartered Bank in relation to loan facilities to Prosperity Real Estate Investment Trust.

New financial reporting requirements for China

China has announced new reporting requirements for PRC residents – measures which also affect individuals residing in the country for more than a year and corporations registered in China.

Shadow banking crisis looms as China Credit Trust faces default

The Shanghai branch of the ICBC said it will make an announcement on specific measures regarding the trust before Jan. 28.

SEC issues ban on Big Four over China audits

The row over global audit firms in China has taken a new turn

China blocks CBC website after story about offshore accounts

The Guardian, Le Monde, El Pais and parts of BBC also unavailable on mainland

Leading law firm launches new Operational Intelligence Group

Operational Intelligence Group set up in anticipation of more global risk and regulatory changes

Eversheds' former Asia chief moves out of private practice

Seddon, who left the UK firm last February, has moved out of private practice to take a corporate advisory role at Beaton, and to work alongside Hong Kong recruiter Jim Olivier to assist firms with lateral partner hires in the city.

Global law firm Expands Litigation Practice into Asia

His addition expands the firm’s prominent Litigation and White Collar Defense & Investigations practices into Asia.

Goldman Sachs Wins Bid to Halt Singapore Investor’s Suit

A Goldman Sachs Group Inc. unit won a bid to halt Singaporean wealth-management client Oei Hong Leong’s lawsuit over trading losses on the Brazilian real in favor of private arbitration.

Dubai Regulator Strengthens Links With Hong Kong and Asia

The forum was attended by 2,400 delegates from Asia, Europe and America, where finance ministers, central bankers, heads of governments and business leaders gathered to discuss economic developments and business trends in China and the rest of Asia.

Baker & McKenzie doubles down on cost-slashing overseas back office

Baker & McKenzie LLP is planning to build another back office to handle document processing and more complex support services,

China introduces new banking law to freeze terrorists' assets

China's top legislature required financial and certain non-financial organisations to freeze terrorists' assets in 2011

A Wave Of Chinese Trust Defaults Might Be Underway And Things Could Get Scary For Chinese Banks

Rising local government debt has had many concerned about an impending financial crisis in China

Global law firm tops regional and greater China M&A league table

The firm has been ranked number one for announced M&A deals in 2013 by deal count according to Mergermarket’s latest APAC (ex-Japan) and Greater China league tables. By deal value the firm ranked second and first respectively.

King & Wood Mallesons appointed to Medibank Scoping Study

King & Wood Mallesons has secured a key role advising Medibank Private on the Federal Government’s scoping study into the potential privatisation of Medibank this year.

China bank regulator urges banks to control shadow-bank risks

China's banking regulator is pressuring banks to curb reliance on short-term borrowing and control risks from off-balance-sheet lending

Legal, Regulation & Compliance