Managers of Wealth Asia Pacific

Mining group caught in $2.7bn scandal

China is the world's biggest copper buyer and prices for the red metal have fallen on the international market

SHKP director's use of Singapore account not an elaborate disguise, Hui trial hears

A lawyer for a Sun Hung Kai Properties employee on Thursday rejected the allegation that he was used by the Kwok brothers to transfer millions of dollars to former no 2 official Rafael Hui Si-yan in an elaborate process designed to disguise the payments.

Collas Crill advise Malaysian investors on buying UK property

Many investors look to the Channel Islands to structure their investment and for conveyancing advice before they buy.

Hong Kong banks investigated by HKMA over money laundering breaches

The Hong Kong Monetary Authority is investigating several financial institutions, including at least one bank, for possible criminal breaches of the city's anti-money-laundering laws.

JBWere boss fails to win redundancy

The former boss of JBWere, Paul Heath, has failed in a bid for a redundancy payment after being moved to a new job as part of a restructure by parent company National Australia Bank.

Ex-Deutsche salesman says was told to mask Japan pension expenses

Japanese law treats officials at pension funds that manage public money as the equivalent of public servants, meaning that spending to entertain and win business from them can be prosecuted as bribery.

China Audit Uncovers Irregularities at Wealth Fund, Big State Banks

China's government auditing agency said Wednesday it found financial irregularities at two big state banks and the nation's sovereign wealth fund last year and that all three need to tighten their management.

China Banks Win PBOC Backing to Cut Reserve Ratio

The central bank announced a week ago that it was trimming by half a percentage point

Allen & Overy Aussie head to leave the firm

Fuzi was among a team of 14 partners who left Clayton Utz at the end of 2009 to set up A&O’s Australian offices in February 2010

MAS unveils new measures to promote offshore RMB

The Monetary Authority of Singapore will provide an overnight RMB liquidity facility to financial institutions from July 1

China starts regulating informal bond market makers for first time

The announcement by the China Foreign Exchange Trade System confirms previous source-based reports by Reuters that the regulator was planning to implement new regulations.

China to Relax Control over QDII, QFII

China has signaled it will relax control over Qualified Domestic Institutional Investors and Qualified Foreign Institutional Investors in a showcase of its determination to speed up the yuan's convertibility under the capital account.

UBS adviser banned from financial services industry

Former UBS financial adviser was banned from the financial services industry for engaging in misleading and deceptive conduct.

Hong Kong Regulators Tense About China Loans

Worries are increasing about a credit squeeze in China

Australia: FSC and ISA both claim Federal Court victory

Both the Financial Services Council and Industry Super Australia have claimed a victory in the Federal Court, even though the court's orders essentially uphold the FSC's objections.

Japan Money Managers Say Yes to Greater Activism With Firms

The biggest Japanese institutions are almost all included

Malaysia eases rules on foreign fund managers, corporate bonds

Malaysia’s Prime Minister Najib Razak announced steps to liberalize the country’s financial sector on Monday, removing barriers faced by foreign-owned fund managers and easing ratings requirements for the corporate bond market.

Bankers pitch for a National Asset Management Company

It will take over large NPAs of banks and help in revival of companies ridden with bad debts

Merrill Lynch Equities fined by ASIC

The penalty was for failing to prevent the entry into the ASX Trading Platform of an erroneous Order which resulted in a market for RIO Tinto Limited ordinary shares not being both fair and orderly.

SMFG chairman Oku concerned over US, UK banking rules

Masayuki Oku takes issue with regulations that exceed demands of Basel III regime

Legal, Regulation & Compliance