Managers of Wealth Asia Pacific

More than 400 financial industry workers punished

The total figure is double that of the same period last year, which was 222, and is already nearly 74 percent of the total count for 2011.

Asia steps up fight against money laundering

US regulators are getting tough over money laundering activities and central banks in Asia are also monitoring developments closely.

MAB and 3VB offer first defence in Barclays test case

The defence statement was compiled by 3VB’s Adrian Beltrami QC, instructed by Matthew Arnold & Baldwin partner Clare Stothard, for Barclays.

India to seek HSBC, Stanchart details from FSA

Issues related to HSBC and Stanchart would be discussed at the next meeting of representatives of RBI and FSA, along with other supervisory developments and matters concerning various banks having operations in India and the UK, the official said.

QFB banks deepening their roots in S'pore

There are currently eight banks on the QFB scheme, two of which have already established a local subsidiary, or have announced plans to do so.

Eversheds prepares ground for imminent Beijing launch

No specific reason was given for the delay.

Tokyo may deploy 1st Hong Kong inspector as banks expand

A Financial Services Agency (FSA) official would take charge of inspecting Hong Kong branch offices of Japanese lenders including Mitsubishi UFJ Financial Group Inc, Hiroshi Okada, a spokesman for the regulator, said by telephone yesterday.

Malaysian Banks Can Meet Basel III Capital Rules

The gradual transition to higher capital standards from Basel II would over time enhance the resilience of the domestic banking sector as a whole.

Chinese banks’ Weapons of Mass Ponzi

If you’re wondering what sort of assets that includes, Reuters wrote up an excellent investigation of the WMP scene, beginning with the case study of “Golden Elephant no. 38″ which promises a 7.5 per cent return.

Standard Chartered’s ‘boring’ Asia story makes it a target

Standard Chartered has what its own chief executive has described as a “boring” business model of financing trade in and out of Asia, which means doing a lot of transactions involving foreign currency on one side and U.S. dollars on the other.

Japan's biggest bank suspends UK trader over Libor scandal

Japan's biggest bank has suspended a London-based trader over the widening interest-rate rigging scandal in Britain that has rocked confidence in financial markets.

Australia Sees No Need For Bank Ring-Fencing Regulations

In the U.K., lawmakers are debating proposals to force banks to ring-fence their retail banking operations from the riskier investment banking activities by 2019.

Goldman Joins JPMorgan in Promising Better Japan Controls

Goldman Sachs plans to train employees on ethics from November through February, and last month began programs on maintaining confidentiality, the New York-based bank said in a statement on its website yesterday.

Singapore regulator modifies hedge fund rules

Singapore's financial regulator has published final rules enacting changes for fund management companies (FMCs) operating there.

Standard Chartered rejects Iranian 'scheming' claims: statement in full

Standard Chartered has firmly rejected claims that it “schemed” with Iran to conduct secret transactions worth $250bn (£160bn). Here is its statement in full.

MAS toughens regulations for fund management companies

The Monetary Authority of Singapore (MAS) has announced that the implementation of an enhanced regulatory regime for fund management companies (FMCs) will take effect from 7 August 2012.

Morgan Stanley Sued by Singapore Firm Over Pinnacle Notes

The notes later failed and the Singapore-based company was required to compensate customers for at least $32 million in losses, according to the filing.

UK Bank Accused Of Rogue Deals With Iran

It labelled UK-based Standard Chartered a "rogue institution".

Nomura gets relatively light sanction in Japan insider case

In making its decision, the FSA took into account the steps taken by Nomura already including a voluntary suspension of institutional equity sales activities for a week last month.

Nomura Securities Statement on Administrative Action by Japan’s FSA

In relation to matters raised in recommendations issued by the Securities and Exchange Surveillance Commission, we announced a series of improvement measures on June 29, including strengthening the management of corporaterelated information, improving o

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