Managers of Wealth Asia Pacific

Two US funds sue DBS Bank, OCBC for Singapore rate rigging

In 2013, Singapore's Monetary Authority of Singapore (MAS) censured a record 20 banks

The People's Bank of China Tolerates Further Weakening of Yuan After the Currency Recorded an All-time Low Value

According Reuters's source, the decline was expected especially after the historical Brexit vote and may affect China's yuan for a significant period of time.

Former Indian Bank's CMD sentenced to undergo rigorous imprisonment

On completion of trial, M Gopalakrishnan and Sai Jagannathan were convicted and sentenced to three years of rigorous imprisonment

Regulator to set rules for launching foreign hedge funds in China

This is part of the commitment the CSRC made during the US-China Strategic and Economic Dialogue in 2015.

Central banks key defence after Brexit

US earnings growth was very weak in the first quarter, but that's the lowest point," added Ms Tan, who was speaking at the bank's CIO Asia Pacific Forum.

Central bank cuts its policy rates on back of growth concerns

The latest rate cut came one week after the UK voted to leave the EU, a move that has jolted global financial markets with its economic spillover expected to persist in tandem with the exit process.

Deposits by Indian nationals in Swiss banks fall from Rs. 26,000 crores to Rs. 8,392 crores

The amount belongs to Indians in Swiss banks have been showing a declining trend except in 2011 and 2013.

Law Enforcers Pledge to Stay Away from Tax Amnesty Data

The maximum tax rate in the amnesty program is 10 percent of the value of declared assets.

The World’s Top UHNW Lawyers

Whether it be tax or estate planning, these lawyers will have you covered.

Deacons recognised as one of Asia’s fastest growing firms

With 230 qualified lawyers, the firm is ranked as the 66th largest independent firm in Asia.

China to detail rules for launch of foreign hedge fund products

The move will help diversify the pool of investors, bring in new asset management talent and deepen deregulation of the capital markets, CSRC said.

SFC publicly censures two units of Bank of America Merrill Lynch Group for breaches of Takeovers Code

In deciding the sanction, the SFC took into account BofAML Group’s full cooperation and the remedial measures it has now put in place to ensure future compliance with the Takeovers Code.

China's CITIC Bank Tries To Seize Real Estate Assets in Canada

The bank is looking to seize numerous Vancouver-area homes, valued at some C$7.3 million, along with other assets, according to the lawsuit, which was filed in the Supreme Court of British Columbia in Vancouver on June 24.

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

Legal, Regulation & Compliance