Managers of Wealth Asia Pacific

SBP unveils PRs for infrastructure project financing

The SBP is issuing Prudential Regulations for infrastructure project financing aimed to further boost the infrastructure financing in the country.

Clifford Chance is top HK IPO advisor in 2016

This was more than 40% of the total proceeds raised by all Hong Kong IPOs in 2015.

Three major policy initiatives to watch if John Tsang becomes the next chief executive

John Tsang’s legacy as Financial Secretary offers clues to his potential policy agenda as Chief Executive

Torquay man jailed for eight years for fraud in Cambodia

The Briton has strenuously denied any wrongdoing and campaigners have called for his release.

NPS in crosshairs over susceptibility to pressure

Of the 91 trillion won investment it made in Korea stocks as of January 2016, the NPS had invested 57 trillion won in large companies.

Singapore acts tough for its squeaky clean image

“2016 was the year of significant crackdown in Singapore,” said Hamidul Haq, a lawyer at Rajah & Tann. “Companies, financial traders and bankers are being kept on their toes.”

China’s brokerages told to manage reputation risk as scandals spread

Brokerages now must include subsidiaries in their risk-management framework, and should prevent reputational hazards from becoming liquidity risks, the SAC said in four revised rules.

MMT finds Greencool’s former chairman and senior executives culpable of market misconduct

The SFC would like to thank the China Securities Regulatory Commission, the China Banking Regulatory Commission and other relevant departments for their extensive assistance under the domestic law.

The Philippines aims to create a bank tailored to overseas workers

Institution will facilitate remittances, the economy's $25-billion-a-year lifeline

Taiwan, US ink agreement on tax evasion

But they have not provided personal information on the clients themselves.

Will Chinese currency swap help Egypt face dollar crisis?

On Oct. 1, the Chinese yuan was added to the International Monetary Fund's basket of currencies

Singapore’s Year of Misbehaving Moneymen Puts MAS on High Alert

Strengthening enforcement functions under a new department is a strong signal of its commitment to uphold Singapore’s reputation

South Korea pension fund chief detained by special prosecutor

The special prosecutor has been looking into whether Moon pressured the pension fund to support the $8 billion merger last year of two Samsung Group

Modi's next target: Ill-gotten propertie

The law, an amended version of an earlier law passed by Parliament in August, metes out up to seven years' jail for those guilty of buying property in another person's name and not being able to explain the source of their money.

Malaysia's central bank takes action against firm over ringgit trade

The central bank said it viewed such reporting breaches seriously

Disbursements under PMYBL reach Rs 8.5 billion

The sanctioned amount under PMYBL increased from Rs 17.219 billion at the end of June, 2016 to Rs 18.315 billion at the end of September, 2016, registering a growth of 6 percent.

Singapore proposes changes to peel off layers shielding beneficial ownership

The proposed changes were first mooted back in Sept 30 by senior minister of state for finance Indranee Rajah

1MDB a big test for Singapore's private banking

Insiders say that the level of scrutiny private banks in Singapore receive from MAS, already high, is escalating, and that this is far more relevant than the fines.

Alwar bank conmen by US agency for credit card fraud

They had used credit cards to book their tickets, which had since been blocked.

ASIC takes Westpac to court

This includes breaches of the 'best interest duty' and unlawfully providing personal financial advice - a claim that BT Financial Group rejects.

Legal, Regulation & Compliance