Managers of Wealth Asia Pacific

EU’s OTC derivatives proposals threaten Asian regulatory clash

The EU proposal comes amid growing international strain over the implementation of new rules drawn up by the G20 nations

Penalties for fund managers too lenient

The penalties dealt out to fund managers who commit fraud are not a severe enough deterrent, according to a senior university lecturer.

BofA’s Merrill Said to Appeal $136 Million Tokyo Verdict

Bank of America Corp.’s Merrill Lynch units appealed to Japan’s highest court against a ruling that they pay 14.5 billion yen for their role in a bond transaction with failed consumer lender Takefuji Corp.

Regulation, fragmentation remain top concerns for Asian banks

US regulations are the biggest barrier to growth for the Asian banking sector, according to experts at BNY Mellon, with the likes of Dodd Frank and FATCA impacting heavily on operations and business development.

EU's OTC derivatives proposals threaten Asian regulatory clash

Tensions are growing between regional regulators over a proposal on collateral requirements that would make it more costly for Asian companies to trade with European banks in off-exchange derivatives

Australia: Self managed super wide open to crooks

The self-managed retirement savings of Australians are being increasingly targeted by financial criminals for fraud and money laundering, bank experts warn.

Indian Bank Branches May Face Closure in UK Crackdown

At least seven foreign-owned retail bank branches in the UK, including some Indian ones, could be forced to close down in a crackdown on overseas banks in a bid to insulate the British economy from global crises.

Freshfields, Citigroup shine at HK Law Awards 2014

The number of nominations this year is a reflection of the exciting time experienced by the legal profession as well as the continued economic success of Hong Kong in the past twelve months

MAS mulls family office framework

It is believed that any potential framework would distinguish SFO's from multi-family offices (MFO's).

Thailand relaxes retail CoCo ban

The regulations are intended to give banks more opportunities to raise capital, while giving investors more choices

Korea: Financial Regulator Relaxes Regulation on Private Equity Fund Investment

Once the private equity fund market grows to a certain size, we will strengthen regulation on investment diversification and other

DIPP faces flak on proposal of composite caps for foreign investments

The department of industrial policy & promotion's move to have composite caps for all foreign investment has run into rough weather, with many departments picking holes in the proposal.

SWIFT to launch Islamic Finance rulebook

Financial messaging provider SWIFT will launch a new rulebook for the usage of SWIFT MT messages for Islamic finance.

Sebi slaps fine on Mercury Fund Management

I impose a penalty of Rs 50 lakhs...On the noticee -- Mercury Fund Management Company

Money laundering moving to RMB as US cracks down

Money launderers will increasingly move away from the US dollar to the renminbi as US authorities continue to crack down on international banks’ AML systems.

Banking integration in ASEAN gathers pace

The ASEAN Economic Community, planned to come into effect in 2015, is expected to liberalise goods, capital and skilled labour flows in the ASEAN region.

Credit Suisse Bid to Dismiss Wealth Client’s Suit Fails

Credit Suisse Group AG lost a bid to dismiss a lawsuit by a former private wealth client who is accusing the bank’s Singapore unit of failing to explain the risks of a complex investment product.

offshore law firm moves partner from BVI to head new HK dispute resolution practice

offshore law firm has set up a dispute resolution practice in Hong Kong to serve Asian clients, relocating partner Ray Ng from the BVI to Hong Kong.

SG: StanChart legal head joins NRF as partner

The appointment in Norton Rose Fulbright’s technology and innovation group is expected to help boost the firm’s Southeast Asia technology and innovation business that focuses on opportunities in Singapore, Malaysia, Indonesia, Vietnam, and Mya

leading international law firm Strengthens Its Employment Practice in Hong Kong

He is an experienced and senior employment practitioner, focusing on advisory and transactional employment law issues for a variety of local and international corporate clients.

Legal, Regulation & Compliance