Managers of Wealth Asia Pacific

Three-year suspension for agent who mis-sold ILAS products

HKMA suspended Sit Wai-hong for mis-selling the controversial products known as investment-linked assurance schemes

China's central bank tightens screw on shadow banking system

China's central bank has sent a "warning signal" to the country's overextended lenders

Bank of Tokyo-Mitsubishi to pay £162 million for money laundering

The bank will also undergo a year of special monitoring by an approved consultant as part of its settlement

IMF to fund claims against Lehman Asia

IMF has agreed to fund claims which have been filed in the High Court of Hong Kong this week on behalf of 63 churches, councils and charities against Lehman Asia.

Credit Agricole's sale of CLSA to CITIC hits snag in Taiwan

Taiwan contributes less than 5 percent to CLSA's overall revenues, so a rejection by Taiwan would not kill the CITIC deal or impact the asking price, one of the people added.

Widened Probe Into Hibor Manipulation to Include HSBC, Other Banks

The Hong Kong Monetary Authority has expanded its probe into possible manipulation of the city's benchmark interbank lending rate

Probe into Hibor manipulation widens in Hong Kong

The monetary authority did not identify the banks added to its probe of submissions for Hibor, the Hong Kong Interbank Offered Rate.

KYC laxity at private banks has put us to loss: SBI

The country's top three private sector lenders have already been penalised by Reserve Bank for KYC violations.

Global law firm appoints new Hong Kong partner

He has spent 26 years advising on public M&A and equity capital markets transactions.

China grants 5 licences to overseas investors in May

China granted licences to five overseas institutional investors in May,allowing them to buy Chinese stocks and bonds.

HSF overtakes Bakers as biggest international firm in the region

The Lawyer Asia Pacific 150 reveals that newly merged Anglo-Australian firm Herbert Smith Freehills has taken over Baker & McKenzie as the largest international firm in Asia Pacific by lawyer headcount.

KWM continues management shake up with two new practice heads

King & Wood Mallesons has appointed two new practice heads in Australia

RBS dealt fresh blow by Singaporean regulator

The Royal Bank of Scotland has been dealt a fresh blow after Singapore’s financial regulator ruled some of its traders attempted to manipulate inter-bank rates.

SMA censures ANZ, Macquarie Bank after review forced by Libor scandal

ANZ and Macquarie Bank have been censured by the Singapore Monetary Authority after a major review of benchmark settings in the wake of the Libor scandal.

Multinational law firm goes back to Bakers for latest Asia hire

She also defended MasterCard in US antitrust litigation initiated by American Express and Discover concerning alleged exclusionary practices, which settled in 2008.

David Ross charged over alleged Ponzi scheme

A Ponzi scheme uses cash from new investors to pay returns to existing members, who typically think they are reaping the rewards of an astute investment plan.

Singapore Regulator Said to Plan Bank Reprimand on Rates

The island nation’s review into possible manipulation of the Singapore interbank offered rate follows a global crackdown on rigging of benchmark borrowing costs by banks and brokers.

Credit Suisse fined HK$1.6m by SFC

Credit Suisse Securities has been fined more than HK$1.6m by the Securities and Futures Commission in Hong Kong.

Singapore QROPS Investors Win Battle For Court Challenge

QROPS retirement savers battling to stop HM Revenue and Customs (HMRC) snaffling more than half of their pension pots have won permission to challenge the tax man in court - See more at: http://www.iexpats.com/singapore-qrops-court-challenge/#sthash.MODoV

Davis Polk hit by $1.4m lawsuit from recruiter over Clifford Chance HK hires

Davis Polk was “unjustly enriched” by sealing the hire without Metz

Legal, Regulation & Compliance