Managers of Wealth Asia Pacific

Clifford Chance and Davis Polk deliver $8bn Hong Kong IPO for Postal Savings Bank

Clifford Chance's team was led by China co-managing partner Tim Wang with Hong Kong partners Amy Lo and Fang Liu, supported by Singapore-based Jean Thio.

Appleby's Frances Woo named Managing Partner of the Year by ALB

Amongst strong competition, nominations included pre-eminent legal practitioners from the fields of onshore and offshore, with Appleby being the only offshore representative.

Hong Kong regulator bans former HSBC sales duo

The belief that they had sold the UTFs to the customers when in fact it was not the case, said the SFC in a statement.

Singapore and Switzerland to expand fintech cooperation

Regulators in Singapore and Switzerland have signed a cooperation agreement to foster greater cooperation on fintech.

More people expected to enjoy banking access with new rule

Major banks that fell into the BUKU IV category were allowed to offer such services by utilizing cell phones, smartphones and internet to provide basic banking products and services, such as savings and cash transfers.

Banks raise term deposit rates selectively

The bank argues that is because deposits on platforms are treated differently by regulators, and this means they often pay a lower interest rate.

Aborted DBP-LBP merger

Their employees have reason to be hopeful that their jobs, at least for the time being, are secure.

New Myanmar investment law is the ‘right move’

International lawyers have welcomed Myanmar’s new investment law

China may keep CSRC as a standalone watchdog as urgency eases on creating super regulator

Discussions are still ongoing as to whether to fold the banking and insurance regulators under the purview of the People’s Bank of China, officials said

Is the Hong Kong Monetary Authority being two-faced on bank accounts?

Tough on money laundering and tough to get basic services

Directors of collapsed options broker BBY to take the stand

In an annual report to creditors published yesterday KPMG said there may be grounds to pursue directors for trading while insolvent, a state they believe the company was in 2011, four years before its ultimate collapse.

Moves to loosen restrictions on banking services to SMEs in Hong Kong are "a welcome step"

The HKMA statement underlined the importance of anti-money laundering and counter-terrorism controls, but said that a risk-based approach should be adopted by banks to stop small firms from being effectively excluded from banking services.

Bank Indonesia Pessimistic about Fruits of Tax Amnesty Program

Before the start of Indonesia's tax amnesty program in July 2016, Bank Indonesia estimated that the amnesty program would bring home about IDR 560 trillion

Top Perth law firms in formal merger talks

The firm’s founding partner Piet Jarman said that the merger will equally benefit the law firm’s current clients.

Tax watchdogs go hunting in packs

“This week of action is the result of months of collaboration with domestic Agencies to share intelligence and information,” Ms O'Dwyer said.

Bringing needs-based solutions for Asia's wealthy

In a changing landscape driven by factors such as regulation, client appetite and the investment environment, it is all about staying relevant.

JPMAM wins license for wholly owned asset management firm in China

The news release said JPMAM becomes the first foreign player to garner an asset management wholly foreign-owned enterprise license.

Morgan Stanley pays $123,750 penalty

The compliance with the infringement notice is not an admission of guilt or liability.

Hong Kong regulator bans two ex-HSBC advisers for life

The District Court also found that Chau referred her customers to Chow so that he could obtain more sales commission

Bank license in hand, CIMB makes Vietnam foray

CIMB's move into Vietnam reinforces its presence in the region.

Legal, Regulation & Compliance