Managers of Wealth Asia Pacific

Macquarie spends $49 million to fix private wealth

Macquarie also came under fire as a Senate committee report last month recommended a royal commission

Mayer Brown taps Bryan Cave for five-strong Asia consulting team

Mayer Brown has poached a five-person team from Bryan Cave in Singapore to set up an Asia-focused consulting arm in the city-state.

RBS fined $1.6 million after rigging local interest rate

RBS will make a voluntary contribution of $1.6 million to finance independent financial literacy projects in Australia as part of an enforceable undertaking, according to a release the Australian Securities and Investment Commission.

Philippines enacts law letting foreign banks fully own local lenders

The act replaces a cap of 60 percent on foreign ownership of Philippine lenders and abolishes restrictions that have allowed only 10 foreign banks to have fully-owned operations in the country.

NZ c.bank to review bank rules, aims to simplify regulations

New Zealand's central bank on Tuesday said it would begin a review of the country's banking regulations this month to assess their effectiveness in the aftermath of the global financial crisis.

Switzerland raise legal issues over sharing details of illegal Indian accounts: Arun Jaitley

Jaitley said the treaty between India and Switzerland on information sharing was prospective in nature, the reason why the country was not cooperating on the previous lists of such account holders.

Co-operative Bank seeking court injunction to prevent NZ Association of Credit Unions from rebranding to 'Co-op Money' and 'Co-op Insurance'

This to us is big bank bullying and we will strenuously defend for all New Zealanders the right to use this word

RBA could follow New Zealand on LVR caps

The regulators talk about it all the time as if it is a problem, so sooner or later they will do something

Youhuitong and other ways for China's wealthy to move funds abroad

Youhuitong reportedly helped wealthy Chinese individuals send unlimited funds abroad after they apply for immigrant investor programs

DLA Piper sees three more partner exits in Asia-Pacific

DLA’s website now lists 24 partners in its Hong Kong practice, with one of those also listed in Silicon Valley and another also listed in Bangkok.

RBI signs MoU with Hong Kong Monetary Authority

With this, the central bank has signed MoUs with 21 supervisors for supervisory co-operation.

FSC warns on using offshore Internet bank sites to lend

Non-traditional banking practices are not subject to supervision by the FSC so it cannot intervene when disputes do arise

Bakers and Clifford Chance take lead roles on Hong Kong Airlines IPO

Baker & McKenzie and Clifford Chance are understood to be advising on the IPO of Hong Kong airlines, estimated to worth approximately $500m.

Can Hong Kong still compete? Top lawyers raise concerns about the city's future as a financial centre

Welcoming more than 100 delegates to Legal Week's third Corporate Counsel Forum Hong Kong, Solicitor General Frank Poon alluded to the city's recent ranking as 20th in the world for economic freedom and third as a global financial centre.

Leading dispute resolution partner joins International law firm in Beijing

The firm now has 18 partners and over 150 total staff members across its Greater China network

Ex-HSF partner joins World's premier global law firm

The Brisbane office marks Bakers’ first expansion in Australia in three decades

China: Freer rein for bosses at six state-owned companies

CITIC Pacific does not intend to place any more shares through placement

Baker & McKenzie Voted Asian Legal Business ‘Employer of Choice’

Baker & McKenzie has been voted ‘Employer of Choice’ in Hong Kong, Indonesia, Malaysia and the Philippines, according to a recent survey conducted by Asian Legal Business.

Ex-Deutsche Bank Japan Salesman Gets Suspended Sentence

Tokyo District Court Chief Judge Akira Ando said Echigo can’t be strongly blamed for the offenses because his bosses remained silent and failed to stop them

Korea: Watchdog to intensify monitoring of asset managers

The Financial Supervisory Service said it has carried out in-depth on-site inspections of 86 asset management companies in June to check their compliance with regulations in selling funds and other financial instruments.

Legal, Regulation & Compliance