Managers of Wealth Asia Pacific

Basel III: Challenges ahead for banks

Muhammad Anwarul Karim in the first of a two-part article titled 'Implementation of Basel III in Bangladesh'

MAS seeks more bite to oversight of derivatives, securities

THE Monetary Authority of Singapore (MAS) has proposed legislative amendments to strengthen its enforcement powers on over-the-counter (OTC) derivatives trading and the securities market

Indian firms seek low-cost bank licences

Top Indian firms, including Reliance Industries and Bharti Airtel, have applied for licences to set up low-cost banks that could bring millions more people into the formal banking sector.

KEB woes faze Hana Financial

Suspended bank merger, KEB’s poor showing give headaches to Korea’s No. 2 banking group

Hong Kong Central Bank Warns Against Bitcoin Following Alleged Scam

Members of the public should exercise extra caution when considering an investment in bitcoin because of the digital currency's "highly speculative" nature

Elliott Takes Aim at Bank of East Asia

The $25 Billion Hedge-Fund Firm Goes to Court to Obtain Information on the Hong Kong Lender’s Sumitomo Deal

Is RBI targeting $500 billion forex hoard?

Forex reserves report a sharp weekly climb of $5.85 billion; RBI needs forex ammo to keep rupee stable when interest rates start rising in the US

How Can National Fund 1MDB lie to the people?

Party secretary-general Rafizi Ramli said both the central bank and Finance Ministry should act against the strategic development firm.

SEC Imposes Sanctions Against China-Based Members of Big Four Accounting Networks for Refusing to Produce Documents

The settlement is an important milestone in the SEC’s ability to obtain documents from China

Kerry Packer, Elle Macpherson linked to secret HSBC Swiss accounts

A cache of leaked files shows prominent Australians, including business people and celebrities, are among thousands identified as having held secret Swiss accounts with one of the world's largest banks

Malaysian lender CIMB axes Australia unit

CIMB is to shutter its 100-strong Australian arm, as part of a restructuring to cut a third of costs from its Asia Pacific investment banking unit in the wake of its failed three-way merger with Malaysian rivals.

Bangko Sentral seen tweaking special deposit rates to arrest disinflation

Philippine inflation may fall below the target range in the coming months, prompting the Bangko Sentral ng Pilipinas to use its special deposit accounts to ease disinflationary pressure.

Sharing tax details: door for dialogue still open, says Swiss Finance Ministry

The declaration that the “door for dialogue” is open is significant as it comes at a time when the Indian Government is stepping up its fight against tax evasion and fraud.

Our association with India has been excellent: ADB’s Bindu Lohani

Lohani hopes Asian Development Bank to participate in the country’s plans forskill development,smart cities, clean energy and climate change mitigation

BSP likely to keep rates steady—ING Bank

The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas, will likely keep the current monetary policy stance during its first meeting for the year

Bank Negara queries bank auditors on unpaid 1MDB loan

Sources said the feedback given to the central bank was that it is likely to be categorised as a non-performing loan, but there will not be any bottomline impact yet as the loan is secured against 1MDB’s power assets.

BRICS to pursue Green Global Fund with World Bank cooperation

In a significant move by BRICS, environment ministers of the five member countries are to meet in Moscow in April to discuss taking forward the proposal for creating a Green Global Fund in cooperation with the World Bank to support initiatives that are en

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