Managers of Wealth Asia Pacific

Sebi finds mutual funds passively violating rules

The regulator finds some mutual fund schemes have not restricted a single investor from holding more than 25% of the corpus of a scheme

Ex-JPMorgan CEO Fang Fang said to have cut deal with prosecutors

His move has allegedly prompted many at the bank to hire independent lawyers for their own protection.

Alleged Cayman Island Ponzi scheme Centaur Litigation to wind up

The litigation funder's Sydney-based adviser, Buttonwood Legal Capital, last week told investors it had discovered ''a number of financial irregularities in relation to certain funds within the group''.

China targets shadow banking in interbank clampdown

PRC regulators have issued stricter rules on interbank financial transactions as part of their continuing efforts to curb shadow banking and to deleverage the banking sector.

Korea: 9 brokerages, trust firms under investigation

The financial watchdog said it started investigating nine securities and asset management firms, Monday, to see if they violated rules requiring them to inform investors of the risks and other details of their products.

International law firm Advises City Financial on US$122M Asian Macro Fund Launch

The fund launch was notable in that there was no seed investor, with capital coming from a combination of investors in Mr. Barker's previous fund and from new investors.

U.S. investor group urges Japan to step up corporate governance

Japanese companies are currently not required to appoint independent directors

Regulators in China crack down on insider trading

Authorities have accumulated a considerable amount of data and improved the ability of digging information with the system

SFC reprimands and fines Deutsche Bank Aktiengesellschaft $1.6 million for regulatory breaches

In deciding the penalty, the SFC took into account that Deutsche Bank reported the matter to the SFC and has since strengthened its internal controls on the monitoring and disclosure of its equity positions in Hong Kong listed companies.

SFC reprimands and fines ICBC International Capital Limited and ICBC International Securities Limited $12.5 million each for failures related to IPO shares subscription

Although the subscriptions of some of these Placees far exceeded their declared net worth, ICBCI Capital nevertheless allocated the Offer Shares to them. As a result, massive debit balances were triggered after the Offer Shares were booked into their acco

BNY Mellon to Sell 49% Stake in China Joint Venture -- Update

BNY Mellon submitted a plan to China's securities regulator to sell its 49% stake in BNY Mellon Western Fund Management Co.

Former JPMorgan Hong Kong chief arrested

The bank hasn’t been charged with any wrongdoing

MAS takes action against former employee of affluent banking unit of Malayan Bank for insider trading

The relationship manager had purchased shares from Sin Heng Machinery with confidential information concerning company at hand

ASIC bans former Westpac trader

As a result of his conduct, approximately $17.6 million was written off the income statement

China Backtracks on IPO Overhaul

Six months after promising to let the market play a "decisive" role in the economy, China's leaders have backtracked on a high-profile overhaul of initial public offerings.

Reserve Bank of India eases gold import rules

This facility was available to select banks only and other entities were barred from importing the metal

Asian Banker lauds Bank Negara’s ‘professional policy’

The Asian Banker chairman Emmanuel Daniel believes that Bank Negara Malaysia's usage of bank liquidity to manage inflation is one of the most professional policies in the world

Modi set to lift UPA's veil on black money

The review petition listed 53 grounds

Linklaters, Allens advise Bank of China on 1st Australia yuan bond

Clifford Chance’s Hong Kong team acted for the arrangers on the deal

Surat diamond Hawala case: Enforcement Directorate to send LRs to Middle-East, Hong Kong

The agency has detected some funds which have been sent through illegal banking channels to Hong Kong and China and legal replies from these countries would b.e obtained to take the probe further

Legal, Regulation & Compliance