Managers of Wealth Asia Pacific

Uber broke Indian financial rules: Central bank chief

India's central bank chief lashed out at Uber

MAS reprimands JPMorgan for SF, FAA breaches

He had acted as a representative of JPMorgan Singapore in the dealing of securities from Sept 2013 to Jan 2014

China’s monetary policy appropriate: Central bank

He said next year could see more policy adjustments to reduce funding costs

China nabs 39 people at over 20 institutions in insider trading clampdown

A crackdown on inside trading in China since the second half of last year has resulted in 39 suspects from over 20 financial institutions being handed over to police

China cuts red tape for outbound direct investment

New State Council guidelines cut red tape for companies investing or raising funds abroad

5 entities file lawsuit against ICICI Bank UK alleging mis-selling

Bank dismisses claims, says lawsuit filed as a counter after loan defaultt

AMCs asked to submit reports on assets by Jan 15

The custodians' reports should also include the information of bank accounts opened and closed by the respective AMCs.

Regulators Approve Nation’s First Private Banks

The approved banks include Zhejiang Wangshang Bank, in which Alibaba holds a 30 percent stake, Wenzhou Minshang Bank, Tianjin Jincheng Bank and Shanghai Huarui Bank.

China's shadow banking adapts and grows as rules tighten

Shadow banking is therefore harder to regulate, he said.

National Australia Bank Named in Class Action for Unlawful Fees

The result will be that all customers who have ever been charged late fees by these organisations will be eligible to share in an eventual successful outcome, should the class actions prevail

China Eases Rules For Foreign Banks

The Chinese cabinet unveiled rules to ease market access for foreign banks in order to open up the domestic financial sector.

Foreign banks face regulatory headache in China mergers

As OCBC finds out, global players operating in China need to go through a long and opaque regulatory process of rebranding after a tie-up

The Australian Tax Office Is Teaming Up With The Swiss To Catch Tax Evaders

Starting next week the Australian Tax Office will be working with the Swiss Government to catch Australians who failed to declare assets hidden offshore during a recent amnesty period.

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

Legal, Regulation & Compliance