Managers of Wealth Asia Pacific

Beijing's Wealth-Management Problem

It's dangerous to let financial reform lag too far behind market developments.

Indian-origin hedge fund manager indicted in insider trading

He was released on a $5 million bail after he appeared in Manhattan federal court for an initial hearing last month.

China Construction Bank investigates wealth management product dispute

The dispute highlights the risks linked to wealth management products, which had grabbed national media attention earlier this month when a product sold to retail investors at a branch of Hua Xia Bank in suburban Shanghai failed to pay out.

Ex-Singapore Banker Chan Arrested in U.S.

Fon, a citizen of Taiwan who lives in Singapore, is scheduled to appear in federal court in Los Angeles today.

BNP Paribas Securities Services unveils FATCA service for asset managers

Under FATCA, non-US financial institutions will be required to report information about financial accounts held by US taxpayers, or held by foreign entities in which US taxpayers hold a substantial ownership interest.

HKMA says investigating UBS over interbank interest rates

Late last month the Hong Kong Association of Banks said it was considering a series of reforms to the Hibor system, including bringing in a formal code of conduct and reducing the number of rates it publishes.

International business law firm looks to grow in Singapore with private client hire

He specialises in international trust and estate planning with a particular focus on business and succession planning.

Former RBC banker and Active Capital director admit insider trading

Both pleaded guilty to charges of insider trading.

UBS pays $1.5 bln to settle Libor rigging in Japan

UBS said it will pay 1.4 billion Swiss francs ($1.53 billion) and admit wrongdoing at its Japanese arm

British multinational legal firms Advise On Billion Dollar Deal

It is principally engaged in investment, property development and investment, hospitality and leisure and financial services.

UBS to admit Japan criminal wrongdoing in Libor case

Japan's financial regulator last December ordered UBS's Japanese securities arm to suspend Tibor- and Libor

Asia banks face regulatory limbo

Banking regulators across Asia are pressing ahead with plans to phase in tougher capital requirements on January 1

Fetco asks for help on US Fatca law

Fatca is an attempt by US officials to prevent tax evasion by hiding assets offshore

China sets up risk committee on banks' wealth management products

China regulators set up risk committee to tighten standards on sale of investment plans citing banks' inappropriate ways

KPMG Says Spat Won't Hurt Growth in China

The Chinese government's tight control over company information makes it challenging to operate in that market

KPMG 2012 Revenues Reach US$23 Billion

The growth in Advisory and Tax underlines the strength of client demand for professional services

Hedge Fund Manager to Pay $44 Million for Illegal Trading in Chinese Bank Stocks

The Securities and Exchange Commission today charged the manager of two New York-based hedge funds with conducting a pair of trading schemes involving Chinese bank stocks and making $16.7 million in illicit profits.

Jones Day welcomes new Banking & Finance partner

Formerly a partner with Herbert Smith, she will be based in the Firm's Singapore Office.

China's bank regulator steps into WMP ponzi row

The CBRC says principal and non-principal guaranteed wealth management products issued by banks should not fall under shadow-banking. But this doesn't appear to address the risks.

RBNZ releases final Basel III capital requirements

The Reserve Bank today released the final capital adequacy standards, which apply to locally incorporated registered banks in New Zealand and implement the Basel III capital requirements. The bulk of the new standards take effect from 1 January 2013 and

Legal, Regulation & Compliance