Managers of Wealth Asia Pacific

Banks will always take more risk: APRA exec

The comments were made as part of a panel session reflecting on several research papers presented at the CIFR showcase.

Mayer Brown loses its spot as Japanese bank Nomura reviews its legal panel

White & Case and Slaughter and May are newcomers to the bank's panel, joining established advisers such as Freshfields Bruckhaus Deringer, Linklaters and Allen & Overy.

Hong Kong bans former Wing Lung Bank employee

The Court found Liu fraudulently represented to three customers about certain high return investment products.

China central bank chief sees ‘dynamic’ monetary policy adjustments

Since devaluations last August and in January roiled markets, the PBOC has spent hundreds of billions of dollars in foreign exchange reserves

Oliver Curtis spends first night in prison after being sentenced for insider trading

NSW supreme court judge says former stockbroker used profits from the conspiracy to ‘fund a lifestyle of conspicuous extravagance’

Bank to continue investment strategy when need arises

There will be job increases in Vietnam and also in the Philippines where we have applied for a licence.

Singapore Central Bank Says Ready to Curb Excessive SGD Volatility

The MAS manages monetary policy by letting the Singapore dollar rise or fall against the currencies of its main trading partners

MAS says BSI's Swiss appeal has no bearing on its regulatory action

Switzerland also began criminal proceedings against BSI.

UBS Gives IRS Records on U.S. Citizen’s Account in Singapore

The IRS said it needed the records to determine Hsiaw’s income tax liabilities from 2006 to 2011.

Regulator dials up pressure on banks’ real estate lending

The comments add to heated debate that ANZ, Westpac, Commonwealth Bank and National Australia Bank may have to seek more cash from shareholders in coming years to meet new regulations, on top of about $18 billion raised last year.

APRA outlines plans to refocus Appointed Actuary role

APRA's proposals are designed to ensure the role remains fit for purpose.

ASIC puts culture top of mind

Poor culture often leads to poor outcomes for investors and consumers, impacts on the integrity of the Australian financial markets, and can erode investor and financial consumer trust and confidence.

Welfare fraud targeted more than tax evasion

White collar criminals get a better deal than welfare fraudsters because the system is biased before they even get to the courts, a lawyer says.

Hackers Hit Indonesia, South Korea Central Bank Websites

In response to the attempted hacks, Bank Indonesia has blocked 149 regions that don't usually access its website, including several small African countries, deputy governor Ronald Waas said in an interview late on Monday.

Macquarie admits to mismanagement of van Eyk fund

The Australian Securities and Investments Commission has filed a lawsuit in the Supreme Court of New South Wales against Macquarie,

Lombard International granted Hong Kong brokerage licence

Located in the heart of Hong Kong’s financial district, the new subsidiary will serve local market needs and act as a gateway for future expansion opportunities in Asia.

Potential Penalty in Australia Rate Cases Dwarfed by Bank Profit

The lenders have denied any wrongdoing and vowed to defend the suits, which resume next week in Melbourne.

India clarifies FATCA and CRS requirement

The tax agency states that self-certification from account holders will now be permitted through a user’s online banking platform.

Swiss-based private bank appeals regulator’s 1MDB sanctions

On Thursday BSI hit back with an appeal to the Federal Administrative Court, arguing that FINMA had overstepped its authority in a manner that has “severely harmed the reputation of the bank and its employees.”

A generational mind-set to servicing family wealth

This is the approach that Shanker Iyer takes in spearheading The Iyer Practice.

Legal, Regulation & Compliance