Managers of Wealth Asia Pacific

Regulators need to monitor shadow banking sector closely: analysts

Shadow banks are less scrutinised by regulators because they do not take customer deposits.

International law firm boosts Family and Matrimonial Practice

The firm has announced that it has expanded its practice areas by adding a Family and Matrimonial Practice Group led by experienced practitioners

UBS Probed Over Alleged Malaysia Money Laundering

Swiss bank UBS AG (UBS) said Friday that it will "certainly fully cooperate" with authorities after Swiss prosecutors began a criminal probe for alleged money laundering related to rainforest logging in Malaysia.

Asian regulators express concern regarding overseas application of Dodd-Frank rules

“The impact from any resulting (likely significant) increase in compliance costs and the potential reduction in liquidity of [over-the-counter] derivatives markets should not be underestimated,” the groups said in the letter, according to Reu

DLA, Jones Day, K&L Gates Bid for Singapore Law Licenses

“Asia is a key driver of global economic growth,” said Sushma Jobanputra, the partner in charge of Jones Day’s Singapore operations. “With that growth will come the increased need for Singapore law advice.”

Asian regulators urge CFTC to review Dodd-Frank swap rules

In a rare unified move, five Asian regulators have sent a joint open letter to the Commodity Futures Trading Commission.

Regulation severity cuts off IFA choice in Hong Kong

Since the financial crisis of 2008/2009, which revealed the widespread sale of ultimately worthless Lehman Brothers-linked mini-bonds, regulatory bodies in Hong Kong have been tightening the distribution of investment funds.

International law firm nabs Linklaters banking partner

He has a particular focus on inbound and outbound investments to South-East Asia, particularly Indonesia and India.

MAS fines former UOB Kay Hian remisier for share manipulation

Mr Teoh has admitted to civil penalty liability for contravening the SFA. Besides the fine, he will be barred for a period of three years from conducting business in any regulated activity or acting as a representative in respect of any regulated activity

$21m tax case against Brisbane millionaire

A WHISTLEBLOWER who leaked sensitive client details from a secretive bank in Liechtenstein supplied critical evidence in a successful $21 million tax case against a Brisbane millionaire.

Scottish firm Gillespie MacAndrew to open office in Perth

This will be the firm’s second office in Scotland, after having a presence in Edinburgh for the past 15 years.

Axiom gears up for India and Singapore launches

Axiom, which specialises in providing bank lawyers for in-house legal functions, is scheduled to open a service delivery centre in Gurgaon, India in late November.

Singapore: Banks warned against European tax evaders

A German media report put an unwelcome spotlight on Singapore, Asia's prominent wealth management centre, earlier this month, saying that some Swiss bankers had advised clients to transfer funds there before the implementation of a deal to tax German

Clayton Utz recruits new talent to Corporate practice

She joins Clayton Utz from RBS (formerly ABN Amro), where she has held various legal and banking roles for nearly a decade.

SSgA calls for change to QFII rules

The firm says it wants the flexibility of the RQFII scheme to be adopted in order to create a level playing field between Chinese, Hong Kong and foreign ETF operators.

Deals flow for Linklaters, Allens

The alliance with Allens, which took effect in May, falls short of a financial merger, but means the two firms are integrating their business, working on joint pitches and have folded their Asian practices into joint ventures.

International law firm beefs up Australian M&A team

He joins the firm’s Sydney office from Jones Day and will also serve clients in Africa

SGX Files Report on MF Global Singapore with MAS and Liquidators

The report is rendered pursuant to section 81H of the Securities and Futures Act and states that no sum is payable to or from MFGS. Creditors of MFGS may approach the liquidators of MFGS for more information.

Bird & Bird appoints China chief in regional push

The firm's London and China executive committees developed the first-time roles in light of its ambitious strategy to grow the area to represent 20% of the firm's total revenue and lawyer headcount in the next three to five years.

SFC reprimands and fines Merrill Lynch HK$3.5 million for regulatory breaches

The clients were the subject of a fraud perpetrated by Ms Joyce Hsu Ming Mei, a former licensed representative of Merrill Lynch.

Legal, Regulation & Compliance