Managers of Wealth Asia Pacific

Swiss regulator probes UBS Australia's $1.2b PNG loan

NG lost at least three times that amount as Oil Search shares fell sharply and the government was forced to sell out.

Australia to publish pension fund ratings, pressure underperformers

The sector is under pressure to lift standards and improve accountability following a public inquiry last year which exposed widespread misconduct in the financial industry.

Dubai and Hong Kong to forge strong investment, trade ties

Dubai FDI and HKTDC also agreed to cooperate on trade and economic information sharing; provide support by facilitating network platforms for companies keen to expand business in both markets; and extend support and assistance to visiting delegations seek

Rejuvenated APRA asserts authority

The pending passage of a key Bill to strengthen APRA's enforcement powers however is hampering its new initiatives.

Who's Who Legal: Aviation 2019 names Mourant Partners as 'leaders in their fields'

The firm continuously works on many of the most high profile and complex aviation transactions in the market

Banks, ASIC still at war over fees-for-no-service

ASIC said it strongly disagreed with the approach of those licensees, citing how CBA used customer responses to questionnaires as evidence of service delivery in some cases.

Macau | City stays off EU tax haven list

Macau has managed to stay off a tax haven list established by the European Union by complying with OECD standards

RBNZ bank capital proposals appear quite sensible given the unique New Zealand banking market structure, Deutsche Bank analysts say

The Deutsche analysts also note changes by the Australian Prudential Regulation Authority (APRA) to its related parties framework, prudential standard APS222.

Analysis: A balancing act

StanChart shuttered its cash equities business in 2015, but for UBS, formerly a top sponsor of IPOs in Hong Kong, the settlement – details of which haven’t been disclosed – must be a relief.

US Federal Reserve bans Goldman Sachs bankers over 1MDB scandal

Last November, Tim Leissner, who once headed Goldman Sachs’ Southeast Asian unit, pleaded guilty to violating US anti-bribery and money-laundering laws

How Regulators in Asia Can Enhance Their Competitiveness

International standards are not the only battlefield.

CBDT allows offshore fund managers to operate from India

Bunch of fund managers recently got pre-approval from CBDT

Australian regulator chides banks over delays in repaying wrongly charged fees

The commission had questioned the retail banks and AMP over charging such fees.

Compensation scheme is treating symptoms not causes

In a discussion paper to be published in Money Management, Steinhardt said the culprits which had caused the problems were not the banks, financial institutions or the larger, well-resourced licensees and dealer groups.

Aussie banks told off for delays in fixing systemic failures

But the regulator said the firms had taken too long to identify systemic failures.

China Business Law Awards 2019

The editorial team of China Business Law Journal presents the law firms whose performances stood out in the past year

UBS, StanChart agree to settle 2009 Hong Kong IPO misconduct case: regulator's counsel

StanChart and UBS banker Cen Tian were also scheduled to appeal against disciplinary action taken by the Securities and Futures Commission (SFC) over alleged misconduct during a 2009 IPO that the two banks sponsored, or led.

China to ‘strike a balance’ between good and bad shadow bankers to halt fall in growth

Shadow banking refers to financial activities conducted by unregulated lending institutions or off-balance-sheet activities by traditional financial institutions

Hong Kong Tightens Liquidity With $192 Million Peg Defense

While the size of the buying was small relative to some of the HKMA’s interventions last year, continued weakness in the currency may prompt the central bank to drain more liquidity.

Regulation can hinder not help Asia's social enterprises, analysts say

Such ventures can register if they generate half their revenues from the business, and reinvest 70 percent of profits.

Legal, Regulation & Compliance