Managers of Wealth Asia Pacific

Private banking seeking reform amid growth

As of the end of September, the number of private banking accounts of banks like SPD Bank, China Minsheng Bank, Ping'an Bank, and Bank of Communication had all seen considerable growth.

'Remuneration requirements for banks – a global comparative analysis' - Norton Rose Fulbright

This guide is the third in a series that Norton Rose Fulbright has produced on structural banking reform

India court gives Sahara last chance to raise funds against properties

India's top court on Friday gave conglomerate Sahara, whose boss has been in a jail for a year, a final chance to raise funds against its properties in order to bail out its chairman

Hong Kong company Mei Invest linked to global art scandal, reports claim

A Swiss businessman at the centre of a global art scandal has alleged links to Hong Kong, China, HSBC and Swiss bank accounts, corporate searches and media reports reveal.

China Construction Bank plans to buy 2-3 Indonesian banks -Indonesia regulator

China Construction Bank Corp plans to buy two to three "small" Indonesian banks, an official at Indonesia's financial regulator said on Friday.

Ropes & Gray Honored with Three Awards at IFLR Asia Awards

The IFLR Asia Awards occur annually and recognize innovative and top-tier legal work performed by private-practice and in-house attorneys in the region.

Sri Lanka’s ‘Stolen wealth’ uncovered in Ukraine, UAE and Switzerland

The investigation is said to be ongoing

Taiwan’s FSC to clamp down on offshore fund houses

The measure has prompted many offshore managers to join an incentive scheme

ASIC bans Charterhill director from financial services

Businesses in the group included Financial Wellness, Nova Real Estate, Lending Solutions International and EJ Property Developments

Project Wickenby’s seven-year hunt lifts lid on dubious trades

The companies in Western Samoa, Britain, the Bahamas and the Cayman Islands, had made hundreds of millions of dollars in profits from questionable trading in Australian shares

1MDB’s Cayman Islands funds parked in Singapore

The decision to keep the funds in Singapore is “fishy” if it was meant to circumvent Bank Negara regulations

HFW continues investment with Partner promotions

Reflecting its international reach and client base, Holman Fenwick Willan has today announced Partner promotions in four of its international offices and in line with its focus on sector specialisation

Xinhua Insight: China mulls granting broker license to banks

Rumors that the country's securities regulator is moving to loosen restrictions over brokerage business have been circulating since last month.

Top regulator-nominee calls for tough reform, risk management on household debt

Yim was named by President Park Geun-hye last month to take the helm of the country's top financial authority.

Bank Negara must investigate Jho Low for money laundering, says DAP

The party's publicity chief Tony Pua said that the complicated money trail involving 1MDB clearly showed that it was meant as a cover up and to legitimise the acquisition of assets using illegitimately acquired funds.

FSC chairman-nominee negative on Hana-KEB merger

Recent court decision to suspend merger makes regulator reluctant to approve it

Bank restrictions stoke infra funding fears

There was a concern that some of these reforms may constrict lending to infrastructure

Hagger defends NAB advice, brushes off independent review

Hagger rejected any comparisons to the Commonwealth Bank's recent advice scandal.

Hong Kong Police Arrests Suspects Involved in MyCoin Bitcoin Scam

The Hong Kong Police Commercial Crime Bureau (CCB) arrested five suspects that might have been involved in last month’s Bitcoin investment fund scam worth $8 million

Foreign banks tighten lending rules for China state-backed firms

DBS effectively acknowledges that lenders can no longer take for granted

Legal, Regulation & Compliance