Managers of Wealth Asia Pacific

Bonuses Paid to Singapore Banks for Selling Risky Debt Under Scrutiny

At least half the S$875 million ($650 million) of bonds that have failed since November were sold by private banks earning rebates.

The Pearl and The Oyster by William Ahern, Principal at Ahern Lawyers

AML type laws have, over recent times, forced banks and other financial intermediaries to cultivate lustrous “pearls of financial data” safe within the confines of the shell of privacy laws.

S’pore deepens trade relations with Africa

Agreements on tax, bilateral investment and air services open doors to emerging market

Singapore Exchange to Consider Dual-Class Share Structures

Under the proposals, listing applicants will need to meet certain requirements for dual-class shares, said the people, who asked not to be named because the discussions are private.

Financial firms face reshuffle of top executives

The government is entitled to decide who will lead the bank.

Hong Kong’s Markets Regulator Fines Morgan Stanley $2.4 Million

Under the resolution, the SFC reprimanded and fined MSHK $18.5 million for breaches of the Code of Conduct

Brooks welcomes settlement in two-year trust legal tussle

The dispute relates to Brooks’ 2012 purchase of Channel Island fund manager Spearpoint, which had invested around £30 million in zero dividend preference shares issued by Origo.

Singapore aims to change regulations to promote use of electronic payments

The report also recommends developing a new governance model and setting up a new national payments council.

No retail lending bubble in India, says SBI Chief Arundhati Bhattacharya

At a time when corporate credit demand has not picked up yet, banks are relying on retail lending to help grow their books.

Ogier advises on launch of AEW Value Investors Asia II Fund

Investors in the fund are primarily public and corporate pension plans and insurance companies based in both the US and Europe.

FSC asks banks to tighten overseas control after Mega Bank fine

The Department of Financial Service of New York State announced Friday that it has imposed a US$180 million fine on Mega Bank's New York branch.

Bank frauds: Limited liability for customers?

If RBI's recommendations are finalised, it will give more teeth to the existing fair practice code

Taiwan Probes Leading Bank Linked To Panama Papers

The US Department of Financial Services said it had identified "suspicious transactions" between Mega International's New York and Panama Branches.

Premier demands probe into Mega Bank money-laundering allegations

The New York agency said the bank's head office was indifferent toward the risks associated with transactions involving Panama

BoJ Governor keeps door open to further stimulus, if needed

Negative interest rates were unlikely to hurt the country's banking system because domestic lenders had sufficient capital, Kuroda added.

Seoul to sell 30% stake in Woori Bank to multiple buyers

The committee expects a minimum of four investors bidding for the 8 percent stake.

Key Figure in 1MDB Probe Is Arrested in Abu Dhabi

Investigators are looking into alleged fraud related to a Malaysian fund

JPMorgan, Citigroup Among Banks Sued in Aussie Rate-Fix Case

The class action, filed in the U.S. District Court for the Southern District of New York, claims the banks sought to fix the bank bill swap rate, the local equivalent of Libor, which is used to price billions of dollars of floating-rate bonds and syndicat

Does Brexit matter for the corporate jet owners and lessors in Asia?

As the UK’s exit negotiations unfold in the months and years to come, it is vital for those in the Asian corporate jet industry to continue to monitor and assess the evolving impact of UK’s exit from the EU.

RBI's Rajan calls for revamp of India's bank regulators

Rajan listed a number of institutions that oversee banks, including parliament, the recently created Banks Board Bureau to improve governance at state-owned lenders and the Reserve Bank of India.

Legal, Regulation & Compliance