Managers of Wealth Asia Pacific

Independent auditors for banks' outsourcing vendors

This overturns the current set-up, where financial institutions have their auditors show up to go through the controls of their third-party vendors.

China markets slump despite central bank rate cut

People’s Bank of China cuts rates to stem sell-off amid growing fears for health of Chinese economy

HDFC Bank breaches RBI limits on loans to Reliance Industries

The RBI allows banks to enhance this exposure by further 5 per cent of capital funds in exceptional circumstances

Three other MARA Aussie property buys suspect, Rafizi claims in latest expose

“One of the more important information is the structure of the holding companies or how the whole purchase was structured by MARA Inc.

Vietnam to Scrap 49% Limit on Foreign Ownership

Vietnam will remove the 49% cap on foreign ownership at some listed companies

Amend the offshore Banking Act Enforcement Rules and issue the regulations governing Offshore Insurance Branches

The Financial Supervisory Commission and the Central Bank of the Republic of China issued the amended Offshore Banking Act Enforcement Rules and the new Regulations Governing Offshore Insurance Branches

China eyes more private banks, to permit foreign participation

China’s banking regulator said on Friday that it will allow the establishment of more private banks and allow foreign investors to participate in the reform process to help shore up the state-dominated financial sector

Law Firm Announces the Filing of a Class Action against China Finance Online

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws

Seoul court lifts injunction in Hana-KEB merger

The merger of Hana Financial Group and Korea Exchange Bank that has been on hold since an injunction filed by KEB’s labor union in February is expected to get back on track

China establishes Courts specialising in intellectual property law

Between November and December 2014, Beijing, Shanghai and Guangzhou courts specialising in intellectual property law initiated their activities.

NZ central bank to explore macroprudential policies, bank stress testing

New Zealand's central bank will keep investigating the use of macroprudential tools to control the housing market and develop a framework to test how sound the country's banks are, as key priorities over the next three years.

Super governance welcomed but ISA questions ‘one size for all’ push

A raft of superannuation providers and representative bodies have welcomes the proposed changes to superannuation board governance claiming it would boost consumer confidence around superannuation

Appleby advised DNB Bank on Genting’s Loan Facility

According to Genting, the deal presented an "excellent opportunity" to take advantage of growing demand in the luxury cruise market.

'Mara Aussie property deal before my time'

Mara chairperson Annuar Musa today denied involvement in the controversial Melbourne real estate deal because he became chairperson after the decisions were made.

Indonesia regulator to issue rules to manage risk at financial conglomerates

Indonesia's financial regulator said on Friday it is planning to issue rules in September to manage systemic risk at financial conglomerates

Moody's: Singapore's proposed bail-in regime is credit positive for senior bank creditors

The FSB's Key Attributes call for a framework that forces banks to create additional buffers

JI chief asks Supreme Court to take suo motu notice of Swiss accounts

Jamaat-e-Islami (JI) chief Siraj-ul-Haq has demanded of the Supreme Court of Pakistan for taking suo motu notice to bound the government for bringing national wealth back from Swiss banks and unveiling the names of Pakistani depositors.

On Samsung’s Home Turf, U.S. Hedge Fund Fights to Block Merger

Elliott Advisors opposes combination of Samsung C&T and Cheil Industries

PNG corruption exposed in Australian sting

Australia has been exposed as a safe haven for corrupt funds from Papua New Guinea with lawyers caught on video explaining how to deposit stolen money in Australian bank accounts.

CFPG advised Chongbang Holdings (International) Limited on its close to US$920 million institutional capital raising

Chongbang is a leading Shanghai-focused developer, owner and operator of retail-anchored mixed use projects.

Legal, Regulation & Compliance