Managers of Wealth Asia Pacific

Singapore, U.S. finalize agreement on tax evasion

Singapore said on Tuesday that it has finalised an information-sharing agreement with the United States that is aimed at combating offshore tax dodging.

Wasankar Wealth fails to repay investors; Sebi confirms curbs

They are also "prohibited from mobilising or pooling funds from its clients

Sebi addresses analysts’ concerns, clarifies regulations

The move follows representations made by brokerages, asset management companies and law firms, seeking clarity on the applicability of the new guidelines

Former Citic executives want lawsuit against them moved to High Court

Five former senior executives of Hong Kong-listed Citic requested to have a HK$535,000 lawsuit by 11 small shareholders transferred to the High Court

Stephenson Harwood enters alliance in Guangzhou with former partner's firm

Following on from closing its office in Guangzhou in Greater China in September this year, Stephenson Harwood has entered an alliance with local firm Wei Tu.

Financial regulators united in attack on risky loans

Australia's financial regulators have launched a joint attack on risky home lending as investment and interest-only loans threaten the stability of the financial system.

Zhou Yongkang used mistresses to build wealth

This has severely damaged the party’s image

Judge dismisses claim to recover $2.5m in losses

An Indonesian investor is appealing against a ruling that threw out his claim to recover US$1.9 million (S$2.5 million) in losses over alleged unauthorised transactions from Citibank.

Banking sector reform will affect every Australian

The Financial Services Inquiry is truly far reaching.

Managers brace for mutual recognition hurdles

Fund firms suspect high distribution costs in China will generate thin margins in the scheme's early days, but having to hire a distribution agent could help as they consider how to scale up.

'Gold-obsessed' Chinese officer's graft case worth $5 billion: magazine

A former senior Chinese military officer was obsessed with gold and often ferried gold bars for bribes in a luxury car, a Hong Kong magazine reported on Monday, in connection with a graft case which investigators estimate is worth some $5 billion.

India must show tax fraud proof for valid probe, says Swiss envoy

We have decided that we cannot work with stolen data

Rich People Want The Government To Keep Their Wealth Secret Because Of Kidnapping Fears

The Coalition may reconsider laws implemented by the previous Labor government

Japan's SESC seeks fine against Hong Kong fund for stock price manipulation

Japan's securities watchdog said on Friday that it was seeking a fine against Hong Kong-based Areion Asset Management, accusing it of manipulating a company's share price.

Ex-ANZ trader in firing line

ANZ’s former global head of fixed income and former managing director of global markets, Rob O’Callaghan, is one of the figures caught up in a regulatory probe into the manipulation of the interbank interest rate.

ANZ admits misleading conduct, settles for $18.5m

Farmers to decide whether to accept payout after bank admits misleading conduct over interest rate swaps

China shadow bank collapse exposes grey-market lending risk

A financial system in which the government refuses to tolerate defaults has also encouraged moral hazard among investors by creating an expectation that even risky credit carries an implicit guarantee.

China banks' wealth management products given bond, stock market entry

China will allow wealth management products sold by its commercial banks to enter the domestic bond and stock markets, in a move to encourage direct investment through these products instead of through trust companies,

Standard Chartered Bank kicks off panel review

The current review is understood to be following a similar timeline, with a new roster expected to be in place in early 2015.

Leading independent Australian law firm national expansion continues into the Northern Territory

The partners, lawyers and support staff of Cridlands MB will join HWL Ebsworth to form the firm's new Darwin and Alice Springs offices.

Legal, Regulation & Compliance