Managers of Wealth Asia Pacific

Bangko Sentral offers perks for bank mergers, acquisitions

In Memorandum No. M-2016-023, the central bank said the offer aims to further strengthen the financial capabilities and enhance the overall competitiveness of the industry.

Hyderabad: Two nabbed for firing on bank CEO

KBS Local Area Bank Ltd CEO Manmath Dalai was shot

China bank calls documents 'fake' after bond default on Alibaba-linked platform

At the center of the latest dispute are 312 million yuan ($45 million) worth of high-yielding bonds issued by southern Chinese phone maker Cosun Group that defaulted this month.

These 3 Southeast Asian Central Banks Ink Currency Cooperation Deal

The Thai and Malaysian central banks this year implemented a similar arrangement they signed in August 2015.

Six banking trends to watch out for in 2017

2016’s black swan events, such as demonetisation and Donald Trump’s rise, are certain to impact India’s banking sector in 2017

Insurers’ pension products need level playing field with other pension products: Aviva

The National Pension Scheme withdrawal rules are age based

China needs to regulate 'money gates' but guard against financial stress: state media

The country's leaders have called for a "prudent and neutral" monetary policy in 2017 and for prevention of financial risk, while keeping the economy on a path of stable and healthy growth, according to statements following a key economic m

ASIC accepts enforceable undertaking from NAB and CBA to address inadequacies within their wholesale spot FX businesses

ASIC Commissioner Cathie Armour said, ‘A well-functioning foreign exchange market depends on all participants acting with integrity and fairness.

How a Malaysian Scandal Spread Across the World

The money allegedly moved through Singapore, Switzerland and other wealth centers before being used to buy real estate, art, and other assets in New York, Beverly Hills and elsewhere.

MBSB gets nod for talks on proposed merger with Asian Finance Bank

MBSB has a goal to become an Islamic financial institution by 2020 through merger with an Islamic lender

Hong Kong on track with China’s bond connect plan, HKMA says

The stock markets between Hong Kong and China have been closely connected after the launch of the Shenzhen-Hong Kong stock connect scheme earlier this month

RBI fines five foreign banks for FEMA violation

A penalty of Rs 10,000 each has been imposed on Bank of America, Bank of Tokyo Mitsubishi, The Royal Bank of Scotland, Standard Chartered Bank.

Malaysia's MBSB renews merger attempt, eyes tie-up with Asian Finance Bank

The central bank requires that the negotiations be completed within six months, MBSB said.

Philippines to set up bank dedicated to overseas workers

OFW Bank to target $25 billion per year in remittances

Thailand Frees Swiss Key Witness in 1MDB Case

The Swiss citizen has now been freed by Thailand and will be able to spend Christmas in his home tome of Geneva.

Ex-BSI banker found guilty in Singapore of charges linked to 1MDB probe

Yeo is facing seven separate charges

Singapore regulator plans to make share short-selling transparent

Aggregate information on short sell orders and short positions would be published.

‘Black Money’ Disclosures Not Immune From Criminal Liability: Taxation Laws (Second Amendment) Act, 2016 Came In To Force

The scheme has made it clear that there will be no immunity under the Criminal Acts with respect to the disclosures made under this scheme.

Pakistan to exchange bank accountholders’ details with OECD

The FBR is discussing modalities with the banks to set up a system for exchanging information

Australian Government Introduces Bill to Mandate Professional Standards for Financial Advisers

The Australian Securities and Investment Commission Regulatory Guide 146 sets out ASIC’s minimum expectations in terms of the knowledge, skill and education level as guidance.

Legal, Regulation & Compliance