Managers of Wealth Asia Pacific

China bank fraud base found in Japan

The scam method is very similar to that in Japan, prompting suspicion that those associated with Japanese bank transfer scam groups spread the method to China.

Affin Bank, Affin Hwang revamp spurred by BNM rules

The proposed exercise will see the transfer of Affin Hwang as well as the group’s money-broking and insurance entities.

Developed country asset managers highlight need for disclosure in Hong Kong

The proposals also required intermediaries to provide a range of fees imposed to give potential investors a better idea of the cost of management fees.

Hiring ‘Princeling’ Complicates Business in China for Global Banks

The practice is widespread beyond the banking sector, as chipmaker Qualcomm last year was also investigated for hiring princelings in China.

Foreign regulators check on health of Indian banks

The exercise is part of the meeting hosted by RBI under the system of ‘regulatory college’.

The Butterfly Effect of Chinese Bitcoin Regulations

The decision to cease margin lending, add fees to every trade and pausing withdrawals has led to Japan taking the lead in global bitcoin trading volume.

China regulators work together to tackle shadow banking in latest sign of integration

Head of securities watchdog talks of close cooperation with counterparts, adding weight to ‘super-regulator’ speculation

HK banks must learn to live with cross-border information rules

Agreements covering the first automatic exchanges of information have been signed with Japan and the UK.

MAS Proposes Simplified Regulatory Regime for Venture Capital Fund Managers

The Monetary Authority of Singapore (MAS) has considered the unique characteristics of VC Managers which lowers their market and business conduct risks.

Lawyers warn super funds to expect class actions

This is despite the law recognising a tolerance for investment strategy losses from the development of complex intermediated structures.

Indonesia drafting rules to end bank secrecy

The draft Banking Law revision has a high chance of being discussed this year.

Supreme Court reserves decision in Panama Leaks case

We will take some time and look at the case in depth.

Private placement boom on borrowed time

The biggest problem is that some listed companies raise funds excessively.

Hong Kong, a hub for corporate offshore schemes, must ensure disclosure rules are truly effective

Companies would have to reveal any offshore shareholders with 25 per cent of shares or more.

KOREA: Real estate investment cap could increase for investment banking

The brokerage industry has argued that the regulatory cap on investment in real estate and corporate bonds would hinder securities companies from earning higher returns.

China cbank to make "dynamic changes" to banks' targeted RRR rates

The People's Bank of China recently completed an assessment of banks' adherence to RRR regulations based on lending to rural sector and small firms in 2016

After denying merger rumour, Kotak seeks government stake in Axis Bank; others also interested

Others including ICICI Bank and HDFC Bank have also showed interest, asking the government to plan any stake sale in it through competitive bidding.

RBI deputy guv Viral seeks 2 asset management companies to tackle bad debt

According to Acharya's plans, govt should not bear full cost of restructuring losses

China regulators set new rules for asset managers as debt fears grow

The proposed new rules aim to unify the regulation of the asset management industry under leadership of the central bank in order to improve oversight of the sector.

NAB throws full support behind broker commissions

We welcome that regulatory oversight as it legitimises even further the role that brokers play in the marketplace.

Legal, Regulation & Compliance