Managers of Wealth Asia Pacific

Japan Banking Minister: FSA Will Deal With Wrongdoing Related To Tibor

"We should think of rates manipulation and internal controls as separate things," he said.

Global Investment Management Industry Continues To Face A Regulatory Avalanche Of Disparate Rules: KPMG Report

Observers, however, are beginning to see some consistency regarding the implementation of new regulations across the globe, with the U.S. and Europe setting the bar and Asia catching up.

Withers appoints first Chinese partner

She is Withers' first Chinese partner globally and is the seventh partner in Asia.

Indonesia's new bank ownership rules leave door open for DBS deal

The long-awaited regulation announced on Wednesday is aimed at preventing lenders in the fast-growing G20 country falling captive to single interests and ensuring a diverse shareholder base to hold management accountable.

Societe Generale is to repay HK wealth management clients $11 million

The Securities and Futures Commission said it had raised concerns that in more than 3,000 transactions, Societe Generale's clients had paid or received a different price for over-the-counter traded products than the price paid by the bank, with the d

Hong Kong Court Refuses to Strike Deutsche Bank Lawsuit

Tin Lik, the developer, sold the Gateway Plaza in Beijing to the bank’s RREEF China Commercial Trust (625) in 2007 and alleged that investment bankers inflated rents from the property before the trust’s Hong Kong listing in June that year.

HKMA and SFC release joint consultation conclusions & supplemental consultation relating to the proposed regulatory regime for the OTC derivatives market in Hong Kong

For a discussion of the HKMA and SFC's proposals in the Consultation Paper, please see our client briefing entitled "HKMA and SFC begin joint consultation process relating to the reporting, clearing and trading of OTC derivatives in Hong Kong&am

Investors Weigh Extent of Sun Hung Kai Scandal Fallout

Barclays, which has an underweight position on the stock, downgraded its price target on the company to HK$87.50 ($11.25) from HK$92.16, warning that the shares could be vulnerable to heavier losses in the coming months. This represents a downside of abou

Hong Kong property tycoons are charged with corruption

Sun Hung Kai Properties co-chairmen Thomas and Raymond Kwok, two of Asia’s wealthiest men, were among five people charged with eight offences, an official statement said.

South Korea, Switzerland TIE Protocol Takes Effect

The Finance Ministry stated that it had been agreed to make it easier for the tax authorities in each country to request and obtain financial information, allowing for the disclosure of information on bank accounts believed to be operated by those of the

Ex-bank exec slapped with theft case

The Department of Justice approved the filing of 87 counts of qualified theft case against a former executive of Citibank for allegedly embezzling over P100 million of his client’s money.

Op-Ed: Switzerland stung by allegations of Indian black money

The bilateral treaty between India and Switzerland, the Double Taxation Avoidance Agreement (DTAA), provides the framework within which Indian authorities can seek administrative assistance against tax evasion or fraud.

Banks play cat-and-mouse with Beijing to comply with rules

This practice, which started last year, exaggerates the size and stability of banks' liquidity and masks any stresses on the country's financial system at a time when the world's second-biggest economy is expanding at the weakest pace since

US banking giant to apologise over lax money laundering controls

In the note sent to employees on Tuesday, the London-based lender's chief executive Stuart Gulliver said the Permanent Subcommittee on Investigations would expose weaknesses in the bank's money laundering controls.

Swiss HSBC account holders offered India amnesty, says official

India joins countries including the UK and the US in cracking down on rich people who haven’t disclosed offshore funds amid probes into money laundering and tax evasion.

Finance council 'won't spark turf wars'

That assurance was given by Laura Cha Shih May-lung, formerly with the China Securities Regulatory Commission, who was appointed by Chief Executive Leung Chun-ying to chair the preparatory work on the council.

King & Wood Mallesons tops Asia Pacific M&A tables

Baker & McKenzie did 30 deals worth $13.6bn, and the firm slipped marginally from first to second place on the tables in the past year.

Former Herbert Smith alliance partner opens Hong Kong office

Former Herbert Smith alliance partner Stibbe is set to launch an office in Hong Kong with the aim of assisting Chinese clients with European investments.

International law firm promotes lawyers in Bermuda and Hong Kong

Corporate and Private Client teams have been promoted to Director.

Scammers take $113m from Australians

Home Affairs and Justice Minister Jason Clare said while the five-year, $113 million figure was alarming, the real toll was likely to be much higher as many victims were often too embarrassed to go to authorities.

Legal, Regulation & Compliance