Managers of Wealth Asia Pacific

FIPB clears HDFC Bank and Ratnakar Bank FDI proposals

HDFC Bank had applied for FIPB approval for expanding its equity base by up to Rs 10,000 crore and Ratnakar Bank for capital raising

Hong Kong Billionaire Thomas Kwok Guilty of Conspiracy With Hong Kong Official

Thomas Kwok, the billionaire co-chairman of Sun Hung Kai Properties Ltd. (16), was convicted of conspiring with Hong Kong’s former No. 2 official to commit misconduct in public office. His younger brother, Raymond Kwok, was cleared of all charges.

Japan's central bank keeps monetary easing policy

Kuwait News Agency Japan's central bank decided on Friday to maintain its current monetary easing measures and left unchanged its assessment of the country's economy.

Guotai boss targeted in anti-graft probe

Anti-graft officials in Hong Kong raided a residential property belonging to a senior executive at financial services firm Guotai Junan International Holdings.

Clive Palmer media adviser Andrew Crook charged over alleged unlawful detention and coercion of National Australia Bank executive

Clive Palmer's media adviser and confidant Andrew Crook has been granted bail after being charged over the alleged unlawful detention and coercion of a National Australia Bank executive on an Indonesian island.

Hong Kong Doesn’t Find Evidence of Forex Benchmark Rigging by Banks

While it found no evidence of benchmark rigging or collusion by banks, the HKMA did point to two failed attempts by Hong Kong-based traders to manipulate the benchmark.

Law firm for the super rich

Withers enters a competitive and growing legal market of serving private clients

UCX promoter Ketan Sheth siphoned funds, finds KPMG forensic audit

FMC had in Sept commissioned KPMG to conduct the audit after it found that Sheth was allegedly siphoning money from the exchange

Asian central banks intervene to shore up their currencies

Asian central banks have ramped up their intervention in currency markets to stem the sell-off roiling emerging markets, testing the notion that the region is better placed to handle a market rout than during its 1997-1998 financial crisis.

CVC chairman in tax haven dispute

The chairman of listed investment company CVC, Vanda Gould, set up a bank in the secretive financial centre of Samoa structured to get around Australian tax law

Do panic moves by central banks ever work?

A surprise interest rate hike by the Russian central bank late Monday night left analysts debating whether such "panicked" moves by officials have any genuine impact.

Sebi says MF schemes with bonus option 'not legitimate'

The capital market regulator has plugged the loophole that allowed savvy mutual fund investors to lower tax by bonus stripping.

Wolters Kluwer Financial Services Recognized for Fifth Year Running for Exemplary Service to Compliance and Regulation

Regulatory Analysis Team Wins “Best Editorial Team” at 11th Annual Compliance Register Platinum Awards

Central Bank employees union files PIL seeking direction to recover bad loans

Burgeoning bad debts in public sector banks has prompted an employees union to file a public interest litigation seeking the Bombay High Court’s ‘interference and directions’ for effecting loan recoveries.

Big banks back overhaul of advice industry but baulk at funding compo

After a year of turmoil in financial advice, big banks are supporting the creation of a public adviser register, more disclosure of licence ownership, and tighter rules on who can call themselves an adviser.

China Considers Limiting Individuals’ Bond Buying to Stem Risk

Regulators in China are considering restricting individual investors from buying corporate bonds rated below the top grade as policy makers seek to shift away from a “too small to fail” mentality

KWM appoints chiefs in Hong Kong

Yi and Flinn replace Stuart Fuller who covered the dual role of global managing partner of KWM and chief executive of the firm's Hong Kong partnership since 2012.

Why Hong Kong banks are desperate to hire more lawyers

A rising regulatory burden and the need to support front-office deal-making are forcing global banks in Hong Kong to hire more lawyers and give their current legal teams more specialised work.

Australia regulator urges better fee disclosure for $1.6 trillion pension funds

Australia's securities market regulator on Friday asked for complete and better disclosure of costs for investment products available in pension funds after a government-backed inquiry called for more efficiency in the $1.6 trillion system.

Coutts & Co fined in Singapore for conducting business via unregulated representative

Coutts & Co’s Singapore operation has been subject to a $30,000 administrative penalty for contravening rules set forth by the Securities and Investments Act relating to unregulated representatives

Legal, Regulation & Compliance