Managers of Wealth Asia Pacific

Nomura CEO Watanabe Apologizes Over Insider Trading Crackdown

Nomura has employed a group of outside lawyers to conduct its review, which it plans to complete by the end of the month.

Japan eyes tighter insider trading laws amid probe

Matsushita, head of Japan's Financial Services Agency, made the comments a day after prosecutors arrested former SMBC Nikko Securities executive Hiroyoshi Yoshioka and three others on insider trading allegations.

Asian regulatory framework for asset management getting tougher, KPMG warns

According to the report, the evolving regulatory framework for asset managers in a number of Asian countries, particularly with regard to consumer protection and fair dealing, is as tough as in Europe and the US.

Ex-SMBC Banker Arrested Amid Insider Trading Probe

Japan’s Securities and Exchange Surveillance Commission and Yokohama city prosecutors are investigating former SMBC Nikko executive Hiroyoshi Yoshioka, 50, and the other individuals, the financial watchdog said in a statement.

Bank Indonesia Spells Out Three Requirements for Bank Ownership

Bank Indonesia deputy governor Halim Alamsyah said in the Bank Indonesia Regulation on Banking Ownership Structures, BI differentiated three categories — ownership of up to 40 percent, up to 30 percent and up to 20 percent.

Herbert Smith suffers another high-level departure as China M&A head quits

He relocated to Shanghai in 2003 when the firm opened in the city to focus on China-related project finance, project development and M&A.

Singapore Turns Down India's Request for Information

The Indian tax authorities are on a drive to unearth black money of Indians stashed in bank accounts abroad.

Kickback scandal proving to be highly embarrassing for Switzerland’s leading bank

This raises the matter to a federal level, indicating the potential seriousness of the case.

Private banks geared for Basel III

After the financial crisis of 2008, many financial institutions had to be bailed out by their respective governments. This necessitated stricter regulations, including higher capital requirements for banks to weather future shocks relatively better.

China PBOC Official Warns Banks on Wealth Product Risk Disclosure

He didn't provide examples of excessive fees or specify any banks. But banks in general have come under criticism for charging high fees for a range of services, particularly as they record unusually strong profits.

FSA refuses to reveal the identity of Mr X

Mr X, as the person has been referred to by tribunal, denied he owned an account with the UK-based UBS Wealth Management, called Customer A account, used by some UBS officials to make large-scale unauthorised transactions.

Hong Kong adopts Competition Ordinance

The Norton Rose Hong Kong team can provide insights into the Competition Ordinance including why the ordinance has had a controversial ride, the penalties for contravention, exemptions, and the impact this Bill will have on companies in Hong Kong.

BSP clears ING Bank Manila of ’08 $5-M securities debacle

In assessing the three-year-old complaint, the BSP’s Office of Special Investigation (OSI) said local investment rules and regulations were not violated as businessman Washington Lou transacted business not with ING Bank Manila but with subsidiary b

King & Wood Mallesons Brings Aboard Former Dewey Partner in Beijing

Joining King & Wood Mallesons as of counsel is Dina Yin, most recently a Beijing-based associate with Linklaters.

Allens names 6 new partners

Allens chairman Ewen Crouch said in making the promotions, the firm had identified the areas they could best meet their clients’ needs.

CI law firm facilitates estate planning debate in Singapore

"We are well established in the Channel Islands and have been named the fastest growing offshore law firm - but as we are new to Singapore it has been mutually beneficial to facilitate debate and discussion around regional issues with industry leader

Ex-Morgan Banker Proposes Steps to Curb Japan Insider Acts

Japan’s ruling party will consider limiting the period for public stock offerings to four days to curtail share declines and discourage insider trading, said lawmaker and former Morgan Stanley banker Tsutomu Okubo.

Former Hong Kong cbank chief recommends possible monetary system changes

Yam, who retired as head of Hong Kong's de facto central bank three years ago, was speaking in his private capacity as a professor at the Chinese University of Hong Kong.

Postal Savings Bank’s President Under Investigation in China

China’s government-controlled banks, which were transformed from almost-insolvent institutions with spiraling defaults into profitable firms with the help of more than $650 billion in bailouts, had promised to improve internal controls to root out f

A&O cuts four Hong Kong partners as regional focus shifts to Singapore

Following the exit of the four partners, A&O will have 21 partners in Hong Kong.

Legal, Regulation & Compliance