Managers of Wealth Asia Pacific

Singapore at the forefront of fintech revolution

Various financial institutions, financial industry incumbents along with the MAS have embarked on this path and are creating a favorable environment for fintech startups.

ASIC bans former representative of Macquarie Equities Limited

Mr Kerr breached the financial services laws by representing to those clients that he was authorised by MEL to operate a discretionary trading account in circumstances where he was not.

Iran’s finance ministry, Exim Bank of China sign MOU

Referring to China as one of the biggest trade partners of Iran in recent years and the upward trend of trade between the two countries

Central bank denies China at risk of liquidity trap

With or without a liquidity trap, the PBOC is facing an uphill battle to channel funds into real economic activity

China police crack down on $30b in underground banking

Police said they arrested 450 suspects involved in 158 cases of underground banking and money laundering

Malaysia - Wong & Partners Advised Maybank Investment Bank On MYR5.54bn Murabahah Sukuk Related To Bakun Dam

This is among the largest local debt capital market deals in 2016.

Vietnam central bank, AIIB representatives meet to discuss cooperation

Legg, for his part, said that based on investment demand and policies of Vietnam, he will urge the AIIB to study on providing financial support for Vietnam.

Big four banks sued by US hedge funds over rate rigging

This blows a hole in the argument put by the banks that this was a victimless act.

Monetary Authority of Singapore Issues Revised Guidelines on Outsourcing

The revised Guidelines apply to outsourcing arrangements with both third-party service providers and with entities within the institution’s corporate group

OurCrowd announces MAS licence approval, ready to market its platform to Singapore market

The company also highlights the role played by its UOB partnership in this milestone

Singapore files more charges, sets trial dates for ex-BSI banker

 Malaysian state investment company 1MDB is at the centre of several international investigations into alleged corruption and money laundering by public officials.

Cyprus offers Thai investors EU citizenship

Competitive deals over its EU counterparts include lower capital-gains tax and lower minimum capital

Swiss HSBC account holders bent on cross-examining persons who shared their information with India

Several HSBC accountholders in their appeals to challenge the claims of the tax department have underscored the right to cross-examine.

IMF to assess strength of New Zealand financial services sector

The reasons exist for the differences included the structure of the financial system and the regulatory and supervisory system the Reserve Bank of New Zealand had developed to meet New Zealand conditions.

Bangladesh officials to meet Fed, US investigators over heist - sources

The New York Fed in June wrote to the Philippines' central bank, prodding it to help Bangladesh Bank recover the money that was transferred to beneficiary accounts at the Manila-based Rizal Commercial Banking Corp before most of that was laundered th

Number of Licensed Banks in Hong Kong Rises

The granting of this banking license has taken effect on August 12, according to a statement.

Raghuram Rajan calls for revamp of India's bank regulators

Government-owned lenders account for around 70 per cent of lending in Asia's third-largest economy

Mis-selling case: HK court rules against OCBC unit

Bank of Singapore and banker offered elderly couple unsuitable investments, says court

Creditors fear Pacific Andes’ non-US bankruptcies could ‘block’ transfer of Peru assets

In response to the creditors’ filing, Pacific Andes said in an Aug. 10 statement that the matter of the Peruvian subsidiaries was a subject of ongoing discussions with creditors.

Recognition of foreign insolvencies at common law: Singapore sets COMI precedent

High Court of Singapore recognised a Japanese bankruptcy trustee

Legal, Regulation & Compliance