Managers of Wealth Asia Pacific

SEBI mulls independent regulator for exchanges

As per the new rules, exchanges can also get listed, although not on their own platform.

Singapore to give full licence to 2 Chinese banks

It said the decision formed part of an agreement to enhance banking services cooperation with Beijing under the existing China-Singapore Free Trade Agreement.

Financial fraud: When gatekeepers see no evil, hear no evil and speak no evil

Media’s ‘bad apple’ theory no longer works

Japan plans stiffer penalties for insider trading

Financial services minister Tadahiro Matsushita on Wednesday instructed an advisory panel of scholars and experts to review current regulations and propose new rules, including penalising those who pass on insider information.

Nomura Dropped From DBJ Bond Sale Due to Insider Leak Case

Nomura last week said it will cut top executives’ pay and suspend some operations amid a government crackdown on insider trading.

Singapore Government Announces Local Incorporation Requirements for Qualifying Full Banks

The banks, which are classified under the government’s Qualifying Full Banks Programme, will be evaluated based on their market share of domestic deposits.

Clyde & Co raids Linklaters ally Allens Arthur Robinson for Australia launch

Linkaters’ Australian alliance firm Allens Arthur Robinson (AAR) has been hit by a team defection to Clyde & Co which is set to launch in the region in October.

RPC prepares for launch of five-partner Hong Kong office

The fifth partner is Jason Carmichael, who focuses on corporate and M&A. He joins from local Hong Kong firm CdB and JC& Co, which he co-founded in 2009 after he left Clyde & Co’s Hong Kong office.

Nomura halves CEO pay in bid to close insider probe

The announcement confirmed the terms of the report late on Thursday. In the year to end-March, 59-year-old Watanabe was paid 128 million yen ($1.6 million), including options.

Malaysian bank chief calls for reform

The chief executive of CIMB Group also said that following this year’s deals for parts of RBS's investment bank in Asia and a commercial bank in the Philippines, he has finished the acquisition spree that increased staff 40 times and grew the b

International law firm promotes 63 to global partnership

Forty-four per cent of the promotions were made in the firm’s Asia Pacific practices, where 28 partners were elected, with 20 across its Europe, Middle East and Africa offices, nine in North America and six in Latin America.

HDFC Standard Life fined for paying unauthorized commissions

Besides the fine for rejecting claims, the regulator has also penalized the company for paying unauthorized commissions to group companies, including HDFC, HDFC Bank and HDB.

HSBC, ANZ May Be Asked to Incorporate Local Units in Singapore

HSBC Holdings Plc and Australia & New Zealand Banking Group Ltd., among foreign lenders allowed to take retail deposits in Singapore

Mid-tier law firms top table for job creation

THE engine of growth for legal employment has shifted decisively away from top-tier law firms, as the middle tier grabs senior lawyers and clients.

Nomura CEO Watanabe Apologizes Over Insider Trading Crackdown

Nomura has employed a group of outside lawyers to conduct its review, which it plans to complete by the end of the month.

Japan eyes tighter insider trading laws amid probe

Matsushita, head of Japan's Financial Services Agency, made the comments a day after prosecutors arrested former SMBC Nikko Securities executive Hiroyoshi Yoshioka and three others on insider trading allegations.

Asian regulatory framework for asset management getting tougher, KPMG warns

According to the report, the evolving regulatory framework for asset managers in a number of Asian countries, particularly with regard to consumer protection and fair dealing, is as tough as in Europe and the US.

Ex-SMBC Banker Arrested Amid Insider Trading Probe

Japan’s Securities and Exchange Surveillance Commission and Yokohama city prosecutors are investigating former SMBC Nikko executive Hiroyoshi Yoshioka, 50, and the other individuals, the financial watchdog said in a statement.

Bank Indonesia Spells Out Three Requirements for Bank Ownership

Bank Indonesia deputy governor Halim Alamsyah said in the Bank Indonesia Regulation on Banking Ownership Structures, BI differentiated three categories — ownership of up to 40 percent, up to 30 percent and up to 20 percent.

Herbert Smith suffers another high-level departure as China M&A head quits

He relocated to Shanghai in 2003 when the firm opened in the city to focus on China-related project finance, project development and M&A.

Legal, Regulation & Compliance