Managers of Wealth Asia Pacific

Foreign investment in the Indian insurance sector – the mega-reform

The Insurance Bill would now require Presidential assent and publication in the official gazette of India to become effective.

Court order for rich husbands to share wealth with ex-wives

Rich husbands who split from their wives cannot expect to retain the lion’s share of the matrimonial assets because of any special skill in amassing great wealth, following a long-awaited Family Court ruling.

Bank hearings to pry into interest rate rigging

The Senate inquiry being billed by critics as "a McCarthy-era show trial" promises to be a show stopper, with scrutiny moving beyond financial planning misconduct to possible interbank interest rate rigging.

IFSB guidance for Islamic banks may spur sukuk issues, deposit insurance

HQLA must have low correlation with risky assets, an active secondary market and low volatility.

Legal threat to banks over financial advice

Some of the country's biggest banks could face legal action from customers over their failure to provide all of the financial advice services that clients had paid for, plaintiff law firms say.

Conyers Receives Deal of the Year Award

At the recent Asian-MENA Counsel awards ceremony, Conyers received a Deal of the Year award for the Privatization of Giant Interactive Group Inc.

SEBI bars 129 entities; suspects money laundering

In a fresh crackdown on suspected tax evasion and laundering of black money through stock markets, regulator SEBI on Friday barred Mishka Finance and Trading Ltd and 128 other entities from the securities market.

Fund CEOs question benefits of passporting

Regulation is shaping the agenda for fund passporting and not always for the best, according to industry experts at a forum. And with the rise of Asian digital fund platforms, passporting may become irrelevant.

AsianInvestor's regulatory roundup, April 17

HKEx considers liberalising Stock Connect rules; Fed hints algotrading caused flash crash; Taiwan reforms offshore fund rules; ARFP's tax hurdles highlighted; and nonresidents to pay British CGT.

China suspends new bank-technology rules

China suspended bank-technology rules that Washington complained represent unfair regulatory pressure on foreign firms, the Wall Street Journal said, citing an official notice.

Bank of China awarded more than $672 million by B.C. court

A B.C. Supreme Court judge has ordered two defendants to pay the Bank of China more than $672 million in an international breach of trust and fraud case.

Wealth giants investigated by ASIC over advice charges

ASIC today provided an update on its Wealth Management Project which is focusing on the conduct of the largest financial advice firms

ANZ to reimburse Prime Access clients

ANZ today confirmed it will be reimbursing some Prime Access clients after it identified the documented annual review, part of a package of services, had not been provided.

Appleby advised In Construction on its Hong Kong Listing

The Appleby team was led by Judy Lee, a corporate partner in the Hong Kong office

Leading offshore law named 2015 'Corporate Law Firm of the Year'

“Our Hong Kong office has been incredibly active this year advising on a wide range of complex corporate transactions, and we are honoured to be recognised for the quality of our work and our dedication to our clients,”

MoFo Expands Singapore M&A Bench With Bengoshi Corporate M&A Partner

“Saori is a well-respected bengoshi corporate partner and her expertise will be invaluable to our clients in Japan looking to expand and invest in the region.”

Baker & McKenzie in Chinese legal market first

The Joint Operation provides clients of both firms with an unprecedented platform to serve their international and PRC legal needs.

HK reforms will cause 'collateral damage' – IFAA

Hong Kong's financial advisory industry will suffer “collateral damage” in the first half of 2015 due to the over-ambitious time frame of regulatory reforms, according to the chairman of the Independent Financial Advisors Association.

ASIC bans former securities dealer

ASIC has banned Anton Kerstens of North Sydney from providing financial services for five years, after an investigation found dealings by his company had manipulated the price of shares in Cauldron Energy.

Philippine Central Bank considers term auction facility to manage cash

The Philippine Central Bank is considering introducing a new liquidity tool that will allow banks to deposit money with the monetary authority for one month to a year

Legal, Regulation & Compliance