Managers of Wealth Asia Pacific

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.

Leading lawyer to leave for top role Down Under

He currently serves as the President of the Law Society of England and Wales, comes after a long global search for a suitable candidate to guide the Law Council through a dynamic and exciting period for the legal profession.

Chinese banks brace for storm in face of shadow finance calm

A more cautious tone among big lenders could reflect growing concern about credit risk

Regulators Can't Force Good Risk Management

Such behavior misses the root cause of the crisis: namely a pervasive lack of effective risk governance among key financial market participants.

Speculation swirls over India's next central bank chief

Some observers expected turmoil in the Indian market in the first trading session since Rajan's surprise Saturday announcement of his departure.

China’s debt problem needs more than Three Stooges impression

There are signs Beijing is making Chinese regulators adopt a joined-up approach to corporate debts

LVMH-backed Asia Private Equity Fund Sued In Singapore By Fired Executive

Uday Mehra said in Singapore court documents that he had raised his concerns over alleged behavior at LVMH's regional private equity fund, L Capital Asia Advisors, such as raising profit projections for an investment target to generate illegitimate g

Hong Kong regulator fines Schroders and State Street

The watchdog fined Schroders HKD1.8 million (US232,000) for failing to disclose all notifiable interests in Hong Kong listed shares held in client portfolios and managed by the firm – from August 2005 to January 2013.

Indian central bank chief to step down in surprise move

The creation of a monetary policy committee to set interest rates and the clean-up of the heavily indebted banking sector.

Hang Seng Bank to form China's first foreign majority-owned fund

The approval marks the latest step toward linking the financial hub of Hong Kong with rapid development in the mainland.

Welcome to the new world of 'regtech'

Global banks are starting to adopt the nomenclature.

PR Government allows listing of PPP projects on PSE

Palacios assured that the PPP contracts could be structured so that builders could be compensated should rate adjustments fall through.

Legal, Regulation & Compliance