Managers of Wealth Asia Pacific

Finance chief sounds a warning on bitcoins

High risks are expected to be involved in exchanging, trading and holding bitcoin as the virtual currency has no support from physical items, issuers or real economy, Chan warned.

Mitsubishi UFJ Says Japan Police Probing Fake E-Mails to Clients

The bank also began e-mailing customers on Nov. 27 warning them about the scam

Commerzbank Loses Singapore Bonus Suit With Dresdner Bankers (1)

Commerzbank AG must pay bonuses to 10 bankers in Singapore at its now-defunct Dresdner unit, who claimed the lender breached their contracts by refusing to pay, a judicial official ruled.

China to require new disclosures by systemically important banks

China bank regulator implements global rules pushed by G20

Winston & Strawn to launch in Taiwan

IP and ITC litigation will be the leading components of what we do in Taiwan but are not the only part of our plan

RBS Securities Japan Ltd Sentenced For Manipulation of Yen Libor

Sentencing of RBS is an important reminder of the significant consequences facing banks that deliberately manipulate financial benchmark rates

50 Percent Of Executives Surveyed Say Companies Have Limited Or No Protocols For Cross Border Investigations - KPMG

This revelation comes at a time when data and employee privacy issues, often triggered by investigations, are dominating the headlines and major corporations are facing increased regulatory scrutiny around anti-bribery and corruption legislation

Consultation on establishing an effective resolution regime for financial institutions in Hong Kong launched

"The establishment of an effective resolution regime for financial institutions in Hong Kong is required to meet the latest international standards for the regulation and supervision of financial institutions.

China Banking Regulator Vows to Reduce Financial Risks

Chinese banks--especially smaller ones--could face liquidity risks, as they rely heavily on wealth management products and the interbank market for funds while lending mainly to property developers and local government financing vehicles, officials said l

Pinsent Masons bulks up Corporate Practice across Asia Pacific

International law firm Pinsent Masons has announced its latest phase of expansion in Asia Pacific with the appointment of a 3-strong partner team in Singapore and a further senior appointment in Shanghai.

Singapore court awards $23M in Marcos money to PNB

The court, in the report, said it affirmed the High Court ruling that the PNB held the legal title to the funds as depositor of the money as well as original account holder with WestLB, the Germany-based bank that held the money.

Indonesia - OJK now fully in charge of banking industry oversight

Agus said in his remarks that BI had transferred its banking oversight functions to the OJK at a time when Indonesia’s banking industry is in a healthy condition due to proper regulations.

Vietnam Issues Licenses to 291 Foreign Institutional Investors in 2013

Vietnam issued trading licenses to 291 foreign institutional investors in 2013, up from 255 issued in 2012

Mizuho banking group must revamp corporate management, compliance

The Yomiuri ShimbunMizuho Financial Group Inc. will be unable to refurbish its tarnished public image unless it thoroughly reforms its erratic corporate structure and revamps its method of conducting business.

China bourse investigates brokerages for foreigner investor trades

The Shanghai Stock Exchange has criticized four Chinese securities brokerages for late trades on behalf of foreign investors that caused a sudden tumble in several blue-chip stocks two weeks ago, state media reported on Monday.

Taiwan Welcomes New Year with Bitcoin Warning

The Financial Supervisory Commission of the Republic of China and the Central Bank of the ROC have issued a joint statement warning against the use of bitcoin in Taiwan.

NAB, UBS brought to heel by watchdog over market misconduct

The corporate watchdog has penalised National Australia Bank and investment bank UBS

Japan to put benchmark interbank rates under tighter regulatory oversight

Japanese authorities said they will put benchmark interest rates under stricter regulatory oversight, in response to global scrutiny after scandals over manipulation.

Bahamas and China sign mutual visa exemption agreement

He said The Bahamas is an important country in this region and very famous tourist attraction and off-shore financial centre.

Sting operations, bad loans hit all from SBI to Yes Bank

This year saw RBI looking at plugging loopholes in the regulatory system ahead of the entry of new banks.

Legal, Regulation & Compliance