Managers of Wealth Asia Pacific

HK regulation drives trend for consolidation

Significant consolidation is expected in Hong Kong as advisory companies adjust to evolving remuneration models

Sebi cancels Sahara Asset Management’s licence

Sahara AMC is part of Sahara group that has been engaged in a long-drawn battle with Sebi

KPK to focus on Century, sidelines BLBI

Former BI high-ranking Bank Indonesia officials, including former vice president Boediono, have been implicated in the Bank Century case, with former BI deputy governor Budi Mulya being convicted.

Finding a Foundation by Carolyn Oh

A foundation is essentially a civil law creation, but how does it work in a common law country like Malaysia? Carolyn Oh, Principal of Carolyn and Co discusses the appeal of foundations as a wealth management tool and its application in Malaysia both onsh

China Drums Up Pro-Growth Moves as Disinflation Seen Deepening

China’s Premier called for more active fiscal policy and a central bank publication said additional monetary easing is needed

Debevoise advises Baring Private Equity Asia in $3.988 billion Fund VI

Baring Private Equity Asia is one of the largest and most established independent private equity firms in Asia and advises funds with total committed capital of over $9 billion.

Europe Business Groups Want New China Banking Security Rules Scrapped

Letter from six groups says cybersecurity measures raise questions about China’s commitment to free trade

Former Two Sigma Analyst Gao Pleads Guilty to Software Theft

A former analyst at the quantitative hedge fund Two Sigma pleaded guilty to taking the firm’s data

OJK wants capital injection into sharia state banks

The target is that in 2015 [the merger] will be realized

Westpac, Count on ASIC radar over complex product advice

Westpac and Commonwealth Bank-owned Count Financial are among the 10 licensees forced to undertake corrective action following concerns by the Australian Securities and Investments Commission (ASIC) concerns about financial advice relating to complex pro

Japanese law firm opens London Office

The firm will advise on all aspects of Japanese law

Malaysian law firm welcomes corporate partner from Tay

With nearly 20 years of experience Lee, who has also advised clients on corporate real estate and corporate banking, focuses his practice on corporate finance, M&A and takeovers and mergers.

Tokyo exchange orders firms to appoint at least two outside directors

Companies listed on the Tokyo Stock Exchange must have at least two outside board members from June, the bourse's operator said, under new rules aimed at improving corporate governance and attracting foreign investors.

Stress tests show PHL banks able to take shocks – Bangko Sentral

With regard to RES, banks still remain well above the minimum capital requirement

Watchdogs are no longer tough cops on the beat on white collar crime

When it comes to corporate regulation in this country there are one set of rules for the top end of town and another for the rest.

ASIC allowed NAB to check and alter media release into bank's Wealth's Navigator errors

The corporate regulator agreed to alter a media release about a significant system error at National Australia Bank after it gave the bank the chance to "review" and suggest changes to the document before it was made public.

Singapore Exchange Nudges Listed Companies With Comprehensive Code for Corporate Governance

The Singapore Exchange (SGX) has released a disclosure guide aimed at aiding companies’ compliance with the country’s corporate governance regulations

Lawyers investigate NAB, Macquarie compensation

NAB Wealth has compensated clients who received bad advice

INDIA: HSBC gets summons from tax department; fears significant fines

Facing a multi-nation probe for "alleged tax evasion, money laundering and unlawful cross- border banking solicitation", global giant HSBC today said it has been served summons by the Indian tax department

Regulatory 'attestations' could be required of bankers

It's a word that managers in Australia's banks may not be familiar with, but should be: attestation.

Legal, Regulation & Compliance