Managers of Wealth Asia Pacific

Latham, Bakers, A&O and Ashurst among winners at Asian Lawyer Emerging Markets Awards

White & Case Asia head Eric Berg was awarded Emerging Markets Law Firm Leader of the Year for international firms

Philippine bank at centre of $81 mln heist says will not compensate Bangladesh

Most of the money was laundered through casinos in Manila and remains missing.

New India Assurance to launch Rs 1 crore health insurance policy

The new product would have advance features and the sum insured could go up as high as Rs one crore

ASIC bans former Westpac financial planner for eight years

Mr Bishop's behavior was reported to ASIC in May 2014.

China-Swiss Talks Deepen Financial Ties, Lobby Head Says

Switzerland is ranked third in foreign financial centers trading the Chinese currency, behind London and Frankfurt.

Looking through the 'Islamic window': RBI's suggestion draws mixed reactions

Though some fear religious disputes over the window, the community begs to differ.

Indian Central Bank Takes Steps to Curb Rising Bank Liquidity

Indian sovereign bonds, which have rallied in November, may react negatively to the news, according to South African lender FirstRand Ltd.

Pakistan's central bank calls India's demonetisation move 'extreme'

This sudden change in currency policy was aimed to crack down on corruption and black money, but it has also drawn flack for its inefficient implementation.

Japan tax reform to target offshore income, assets

The plan is to eliminate the 20% threshold, bringing entities in 40 more jurisdictions

Allianz’s $508 Billion Fund Management Unit Seeks China License

Allianz Global Investors has about 481 billion euros ($508 billion) in assets under management, compared with $1.55 trillion at California-based Pimco.

ACCC takes proceedings against ANZ and Macquarie bank for attempted cartel conduct

Banks and other institutions primarily use NDFs for hedging and risk management.

Next Year to be Strong for Offshore Firms in Asia

Dispute resolution, corporate and asset management work remain the service lines that will be the strongest for the offshore law firms.

China’s Debt Bubble: Why the Bears Are Wrong

That China’s banking system has a non-performing loan problem is nothing new.

Everything fund managers need to know about MAS guidelines on outsourcing

MAS has no intention to limit outsourcing.

Prosecutors raid NPS, Samsung in Choi scandal

The NPS played a key role in the controversial merger of Samsung C&T and Cheil Industries, in which it held an 11 percent and 5 percent stake, repectively, in July last year.

RBI's idea to bring Sharia Banking into the fray is deeply flawed, writes Tarek Fatah

The introduction of Islamic banking was to ensure financial inclusion of those sections of the society that remain excluded due to religious reasons

16-406 MR ASIC updates licence conditions on Morgans Financial Limited

ASIC acknowledges Morgans' cooperative approach to improving its compliance standards and addressing ASIC's concerns.

16-402MR Former listed public company director found guilty of dishonest conduct

Mr Sigalla faces a maximum of five years' imprisonment and/or a fine of $220,000 for each count.

Open banking in Australia moves a step closer

Among the recommendations are the stipulation that banks be “forced to open up access to consumer data by 1 July 2018, which will give consumers much greater options when seeking to switch banks”.

Bank of Singapore receives regulatory approval to open a branch in Dubai international financial centre

License allows Bank of Singapore to extend private banking services to its clients in the region. Move further strengthens DIFC's position as growing global financial gateway, enabling business to flow across the South-South corridor.

Legal, Regulation & Compliance